Obama announces gun control plans: 'I believe in the Second Amendment'

President Barack Obama tearfully announced a series of executive actions Tuesday aimed at reducing gun violence, offering a rebuttal to his critics by citing law and personal pain.

President Barack Obama tearfully announced a series of executive actions Tuesday aimed at reducing gun violence, offering a rebuttal to his critics by citing law and personal pain.

Speaking from the White House, the president explained those actions — which he said Monday are "well within" his legal authority. Obama spent much of the announcement addressing concerns that he was heading down a slippery slope of restricting Americans' freedoms.

"We're here today not to debate the last mass shooting, but to do something to try to prevent the next one," he said. "We do not have to accept this carnage as the price of freedom."

The Bureau of Alcohol, Tobacco, Firearms and Explosives will now require that people who sell guns at stores, at gun shows or over the Internet be licensed and conduct checks, the White House said in a fact sheet released Monday night. The ATF also was finalizing a rule requiring background checks for buyers of dangerous weapons from a trust, corporation or other legal entity.

Gun stocks rocketed higher Tuesday, with Smith & Wesson up more than 10 percent, and Sturm Ruger nearly 7 percent higher.

Obama compared his push for gun control to the struggle for women's suffrage, the civil rights battles and the "decades worth of work" that went into the gay rights fight.

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