A U.S. House investigation has found that gun manufacturers have taken in more than $1 billion from selling AR-15-style guns over the past decade.
Gun violence overall spiked in 2020, but recent statistics indicate it is coming down this year in many cities.
Two of the companies approximately tripled their revenue from the weapons over the past three years, the committee found. Daniel Defense, based near Savannah, Georgia, raised that revenue from $40 million in 2019 to more than $120 million last year. The company sells weapons like the one used in Uvalde on credit and advertises that financing can be approved “in seconds.”
The increases are against a backdrop of a record-setting overall increase in gun sales that began around the start of the coronavirus pandemic. About 8.5 million people bought guns for the first time in 2020, said Republican Rep. Jody Hice of Georgia. He added that, “American people have a right to own guns."
“If we renew the assault weapons ban, that would take away a key piece of what allows mass shooters to kill more people in less time without having to stop to reload,” she said.
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