THE LATEST
« »

Wednesday, December 26, 2012

The NRA and Gun Companies Stand to Profit From Newtown Tragedy

From Alaska to Florida, gun sales across the country are going through the roof, with thousands buying up ammunition, high-powered semiautomatic rifles and other weaponry out of concern that the federal government will enact new regulations on gun ownership. In Tennessee, officials say gun purchases likely hit an all-time high. Walmart has reportedly run out of semiautomatic rifles in five states.

And though the NRA has been roundly mocked for its public relations effort this week, officials are watching what is sure to be a flood of new cash.

Here’s why: For every gun or package of ammunition sold at participating stores, a dollar is donated to the NRA. The NRA’s corporate fundraising division has several special retail partnerships called “Add-A-Buck,” “NRA Round-Up,” and “Shooting for the Future.” In some cases, these deals allow for customers to contribute a dollar or two to the NRA at the point of purchase; others, like one with Sturm, Ruger & Co., the company led by Mike Fifer, require automatic contributions to the NRA with every purchase. Many of these retail deals are linked to the NRA’s 501(c)4 affiliate, which can, unlike other affiliates of the NRA, spend that money on political advertisements and lobbying.

[source: The Nation, via DemNewsWire]

Search Archive:

Custom Search