A U.S. House Democrat is proposing a federal 1,000% excise tax on assault weapons, and wants to pass it through reconciliation.
Beyer, a member of the House Ways and Means Committee and chairman of the Joint Economic Committee, told Business Insider that the measure is "sensible gun control."
"What it's intended to do is provide another creative pathway to actually make some sensible gun control happen," Beyer said. "We think that a 1,000% fee on assault weapons is just the kind of restrictive measure that creates enough fiscal impact to qualify for reconciliation."
A 1,000% tax on AR-15 style guns could add as much as $5,000 to $20,000 to the sale price, as the price for them is typically from $500 to over $2,000.
The report states that several details of the bill aren't finalized yet, according to the report.
Under the legislation which Beyer will propose, bullets would not be included in the 1,000% tax, but high-capacity magazines that have the ability to carry more than 10 rounds of ammunition would be included.
He told Business Insider that he's open to discussing the high-percentage tax.
"There's nothing magical about that thousand percent number. It's severe enough to actually inhibit and restrict sales. But also successful enough that it's not seen as an absolute ban."
Beyer's proposal comes after the mass shooting in Uvalde, Texas, where 19 children were killed and two adults were injured on May 24 at Robb Elementary School.