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Colorado company threatens to leave state if gun bill passes

by on February 16, 2013

(Fox News)

Magpul, which employs some 200 people directly and supports about 400 jobs through subcontractors, expects to contribute nearly $85 million to Colorado’s economy this year, according to The Post.

Testifying before a state House committee Tuesday, Smith said he feared the proposal would hurt his businesses and restrict future expansions and warned the state could lose millions in tax revenues.

Smith said an ammunition limit “will not improve public safety, will not reduce crime, and would endanger the lives of Colorado residents by unduly restricting their ability to defend themselves.”

“Arguments to the contrary are based purely on emotion and not facts,” he added.

Although the bill has been amended to exempt manufacturers, Magpul still plans to leave the state if the measure banning high-capacity magazines passes.

“We can’t disappoint our customers nor ignore our convictions. Anyone who votes in favor of this bill votes to drive over 600 jobs out of [Colorado],” the company said in a post on its Facebook page Thursday.

Prior to Friday’s vote, Vice President Joe Biden personally phoned four lawmakers from his ski vacation in the state to speed along the emotional debate.

Read more: http://www.foxnews.com/politics/2013/02/16/colorado-gun-bill-could-cost-state-hundreds-jobs/#ixzz2L4nPkiJE

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