Category Archives: Twitter

Oct 21

Colorado votes on tax regime embraced by conservatives

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Vote NO on Proposition CC so you don’t lose your TABOR Rights

POSTED 3:57 PM, OCTOBER 19, 2019, BY ASSOCIATED PRESS, 

DENVER — Democrats who control Colorado’s Statehouse are asking voters in November to dismantle part of a state tax regime that for decades has served as a model for fiscal conservatives nationwide.

Coloradans will decide if the state can permanently keep tax revenue that otherwise would be refunded under limits set by a 1992 constitutional amendment called the Taxpayer’s Bill of Rights, or TABOR.

Democratic lawmakers who won a substantial legislative majority in 2018 elections that pushed this onetime swing state to the left placed Proposition CC on the ballot. They say it’s time to chip away at a formula has led to a multi-billion dollar under-investment in fast-growing Colorado’s schools and roads.

TABOR requires that proponents go to the ballot to let voters decide.

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Oct 21

Coloradans To Vote On Prop CC Which Dismantles TABOR

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Vote NO on Proposition CC so you don’t lose your TABOR Rights

 

DENVER (AP) – Democrats who control Colorado’s statehouse are asking voters to dismantle part of a state tax regime which for decades has served as a model for fiscal conservatives nationwide.

Coloradans will decide Nov. 5 if the state can permanently keep tax revenue that otherwise would be refunded under limits set by a 1992 constitutional amendment called the Taxpayer’s Bill of Rights.

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Oct 17

Dark money and big donors fuel the ballot battle over Proposition CC in Colorado

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Dark money and big donors fuel the ballot battle over Proposition CC in Colorado

The 2019 election attracts millions in money from nonprofits, whose donors remain hidden despite a new state disclosure law

Special to The Colorado Sun

Big money is pouring into the Proposition CC campaign – and Colorado voters may never find out where much of it is coming from.

That’s because dark-money nonprofits are contributing heavily to supporters and opponents of the 2019 ballot question to end TABOR revenue limits. That dark money — totaling nearly $3 million — is fueling an advertising battle on radio, TV and elsewhere.

And a new law aimed at identifying donors behind dark money doesn’t apply to issue committees involved in ballot questions or recall elections. The Clean Campaign Act — championed by Secretary of State Jena Griswold and signed in May by Gov. Jared Polis, both Democrats — requires disclosure of donors to nonprofits only when they contribute to committees involved in candidate campaigns.

MORE: Colorado Voter Guide 2019: What you need to know about propositions CC and DD before you vote

Griswold defended the law but acknowledged that it was just a first step in improving the state’s campaign-finance laws.

But she noted that court cases involving issue committees present challenges.

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Oct 16

Four reasons to vote no on Proposition CC

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Four reasons to vote no on Proposition CC

There are many reasons to vote no on Proposition CC, but for the sake of brevity, I will stick with the basics.

Reason No. 1: It does raise taxes.

While the first three words of the ballot language for Proposition CC are “Without raising taxes,” this simply isn’t true. And it’s hard to understand how proponents can keep a straight face with this one. If the state owes us money in the form of a refund because we’ve overpaid our taxes, and if they don’t give us the refund, we will in fact pay more taxes than we would have without Proposition CC. Period. Continue reading →

Oct 15

Mike Rosen: NO on Proposition CC, YES on Proposition DD

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Mike Rosen: NO on Proposition CC, YES on Proposition DD

 By Mike Rosen

Proposition CC – Retaining State Government revenue. VOTE NO.

A “yes” vote would allow the state to retain any surplus of revenues in excess of spending not only in fiscal year 2018-2019 but in all years to come. A “no” vote requires the state to refund budget surpluses to taxpayers as now required under current law.

In the Colorado Constitution, The Taxpayer’s Bill of Rights (TABOR) limits state government spending and taxation through a formula tied to population growth and inflation. Direct voter approval is required to change the limit. Article X, Section 20 (7) (d) reads: “If revenue from sources not excluded from fiscal year spending exceeds these limits in dollars for that fiscal year, the excess shall be refunded in the next fiscal year unless voters approve a revenue change as an offset.”

Through that last clause, Prop CC is asking voters to give up their prospective TABOR refunds permanently. It would spend those budget surpluses in equal shares on K-12 education, higher education and transportation without specifying how the money will be spent within those categories, leaving that to legislative whims now and in the future. Look at it this way: state government spending on K-12 in FY 2018-2019 exceeded $7 billion. Eliminating taxpayer refunds would direct an additional $103 million to K-12 education starting in FY 2020-2021. Seven billion is seven thousand million. One hundred million is a comparative drop in the bucket.

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