Wednesday, April 13, 2016

Gun industry's economic impact soars 158%, jobs, wages up, record taxes paid

In the latest sign that President Obama has been good for gun sales, the economic impact of the firearms and ammo industry jumped 158 percent since he took office, according to the sector's trade group.

The National Shooting Sports Foundation, which represents the industry, said the economic impact increased from $19.1 billion in 2008 to $49.3 billion in 2015.

What's more, direct, supplier and indirect employment jumped 73 percent to 287,986, bigger than the populations of Buffalo, N.Y., Toledo, Ohio, or Newark, N.J.

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