Arizona ranks in upper half of gun industry-dependent states

WalletHub

WalletHub

Gun sales have been down since Donald Trump won the White House. And while that’s good news to some, it could be a bad sign for state economies relying heavily on the firearms industry. By one estimate, guns contributed more than $51 billion to the U.S. economy and generated over $6.5 billion in federal and state taxes in 2017.

But in recent days since the February 14, 2018 Parkland school shooting, some states have considered putting more restrictions on the gun industry. For example, Oregon closed a loophole that previously allowed convicted domestic abusers or stalkers to purchase firearms. The Florida Senate also voted to raise the minimum age to purchase any gun to 21.

Related: Remington, the oldest gun maker in the United States, files for bankruptcy protection

In light of the recent developments in the firearms industry and debates on how, if at all, it should be restricted following the Parkland school shooting, WalletHub compared the economic impact of guns on each of the 50 states to determine which among them leans most heavily on the gun business, both directly for jobs and political contributions and indirectly through ownership. Read on for our findings, methodology and expert commentary from a panel of researchers.

READ ON:

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.