“Amazon of guns” company that Donald Trump Jr. is a shareholder and board member of could make millions under new proposed firearm rule
According to new reporting, Donald Trump Jr.’s online firearms retailer GrabAGun is set to reap millions of dollars from a proposed rule change from his dad’s Bureau of Alcohol, Tobacco, Firearms and Explosives that would allow licensed dealers to ship firearms directly to people’s homes. An estimated 3 million people per year – half of all gun buyers – would switch to the home delivery method, driving up sales for GrabAGun. Don Jr. helped take GrabAGun public, is a board member and owns more than 300,000 lucrative shares in the company.
The Trump administration previously dropped a Biden-era probe into another gun-sales financing company, Credova Financial, a subsidiary of PublicSquare, which Don Jr., owns a $1.5 million stake in. Once the probe was dropped, PublicSquare shares shot up almost 20%.
In response, DNC Rapid Response Director Kendall Witmer released the following statement:
“Apparently the rules that apply to everyday Americans don’t apply to Donald Trump and his family as they continue to use the power of the presidency for their personal gain. Working families are drowning in Trump’s economy while Trump and his family cheat the system to line their own pockets. Americans deserve an administration that will prioritize them, not the net worth of the president.”
Trump and his family have a legacy of lining their own pockets at the expense of the American people. Most recently, Trump’s latest financial disclosures revealed that he purchased millions of dollars in major companies that have business interests in front of the administration and made more than $1.4 billion in income from his family’s cryptocurrency business during his first year back in office.
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