Category Archives: Videos

Jan 16

Fight over TABOR expected in Denver this session

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Eric Fink, Multimedia Journalist, eric.fink@krdo.com
POSTED: Jan 15, 2016 

TABOR fight looms as session gets underway

DENVER – In a tight budget year in Denver, Gov. John Hickenlooper wants to take more than $200 million that’s set to go back to taxpayers under TABOR and put that money towards new programs for education and roads.  GOP leadership, however, argues that’s unconstitutional.

“Right now no one can say with a straight face that our budget rules are working for us,” Hickenlooper said Thursday in his State of the State address.

A Colorado Springs state senator  who chairs the senate education committee believes that plan only hurts Coloradans’ wallets.

“When we’re supposed to give several hundred million dollars back to citizens they want to move it out from TABOR so it doesn’t hit us up against that constitutional cap and how much money the government can take in, so they can keep more of people’s money,” Sen. Owen Hill said. “That’s a non-starter in an economy that continues to be sluggish, we continue to struggle with higher levels of unemployment than we should.”

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http://www.krdo.com/news/fight-over-tabor-expected-in-denver-this-session/37464858

Mar 27

The Commanding Heights

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This is the story of how the new global economy was born, a century-long battle as to which would control the commanding heights of the world’s economies — governments or markets; the story of intellectual combat over which economic system would truly benefit mankind; the story of epic political struggles to implant those ideas on the nations of the world.

For more than half a century the battle of ideas will rage. From the totalitarian socialist systems to the fascist states, from the independent nations of the developing world to the mixed economies of Europe and the regulated capitalism of the United States, government planning will gradually take over the commanding heights.

But in the 1970s, with Keynesian theory at its height and communism fully entrenched, economic stagnation sets in on all sides. When a British grocer’s daughter and a former Hollywood actor become heads of state, they join forces around the ideas of Hayek, and new political and economic policies begin to transform the world.

Chapters
  1. Chapter 1: Prologue [2:45]
  2. Chapter 2: The Old Order Fails [8:11]
  3. Chapter 3: Communism on the Heights [6:16]
  4. Chapter 4: A Capitalist Collapse [8:48]
  5. Chapter 5: Global Depression [5:26]
  6. Chapter 6: Worldwide War [7:00]
  7. Chapter 7: Planning the Peace [6:47]
  8. Chapter 8: Pilgrim Mountain [3:43]
  9. Chapter 9: Germany’s Bold Move [4:11]
  10. Chapter 10: India’s Way [3:51]
  11. Chapter 11: Chicago Against The Tide [7:32]
  12. Chapter 12: The Specter of Stagflation [6:34]
  13. Chapter 13: A Mixed Economy Flounders [8:36]
  14. Chapter 14: Deregulation Takes Off [7:29]
  15. Chapter 15: Thatcher Takes the Helm [3:50]
  16. Chapter 16: Reagan Rides In [8:17]
  17. Chapter 17: War in the South Atlantic [1:41]
  18. Chapter 18: The Heights Go Up for Sale [8:08]
  19. Chapter 19: The Battle Decided? [3:26]

http://www.pbs.org/wgbh/commandingheights/hi/story/

http://www.pbs.org/wgbh/commandingheights/shared/minitext/tr_show01.html

Nov 13

Colorado Taxpayers In Line To Receive Refund

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Two tax refunds possible in Colorado. 9NEWS at 5 p.m. 11/12/14.

NVER—Colorado taxpayers could be in for a pair of refunds from the state, depending on how lawmakers decide to handle two issues caused by the state’s taxpayer bill of rights (TABOR).

That larger of the two refunds would be because of tax revenue forecast to come in $136.6 million more than the limit set by TABOR next fiscal year, which would amount to $41.80 per adult in Colorado, using population figures from the US Census Bureau.

A smaller refund is expected to be triggered in this current year’s budget, tied to legal marijuana sales.

The state may have to refund most of the marijuana taxes it collected in the first full fiscal year of legal sales or recreational pot, an estimated $30.5 million.

That refund would amount to $7.63 per adult in Colorado.

Don’t go making plans to spend your refund just yet.

Lawmakers can always ask voters to let the state keep that money.

While Gov. John Hickenlooper (D-Colorado) has not publicly stated what he thinks the legislature should do about the refunds, there are signs that lawmakers may ask you to at least part with your marijuana refund.

MARIJUANA TAX

A refund on marijuana taxes would not happen because pot sales brought in more money than expected to state government.

In fact, the taxes raised less money than the state predicted.

However, because the state’s official voter guide for Proposition AA in 2013 underestimated the total overall tax collections that would be made by Colorado in 2014-15, TABOR requires the new tax to be refunded, a requirement only imposed in the first full fiscal year of a new tax.

“Because of a quirk in the TABOR amendment, we may have to refund all of the first year’s [marijuana] taxes,” said Sen. Pat Steadman, a Democrat who sits on the joint budget committee. “I’m pretty clear that that’s not what voters had in mind.”

Lawmakers do have the option of asking voters to allow the state to keep the money in excess of what TABOR allows.

While Republicans generally favor refunds in these cases, they may be inclined to make an exception this time because the voters directly approved the new taxes on pot.

“I think that was probably the intent of the voters,” said Sen. Kent Lambert, the Republican chairman of the budget committee. “I think that’s probably the way we’ll end up, probably going to the ballot, but I think that’s going to be a decision of the whole general assembly.”

TABOR LIMIT

The larger of the two refunds exposes the broader philosophical differences between Democrats and Republicans about taxation and the role of government.

This refund would be triggered purely by a healing economy, not an entanglement with a new voter-enacted tax.

Most Republicans are happy to cut you your check, in keeping with the spirit of TABOR.

“This is the taxpayer’s money,” Lambert told 9NEWS. “We have some limitations on the growth of government through the taxpayer’s bill of rights that I think most people in my caucus respect.”

Conversely, most Democrats would rather ask voters to let the state keep the money.

They’d prefer to use this money to pay for improvements to highways and bridges, or beef up school funding to pre-recession levels.

“Before we start making refunds to people we ought to ask should we fix the roof on the barn in the good year instead of just giving it all away,” Steadman said.

Now that Republicans control the state Senate, they are in the stronger position. If they don’t cut a deal, the refunds will happen automatically.

Lambert floated a more ambitious idea: lower tax rates to avoid triggering the refund.

With Democrats still holding a House majority, that’s an idea that’s unlikely to be enacted, though there could be support for tax credits that could reduce the overall size of any refund.

If a refund does move forward, lawmakers do have sway over how the money is distributed to taxpayers. People at different income levels could receive different amounts.

(KUSA-TV © 2014 Multimedia Holdings Corporation)

http://www.9news.com/story/news/local/2014/11/12/two-tax-refunds-possible-in-colorado/18942877/

Oct 01

No benefits to TABOR according to the CEA

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TABOR friends,

Colorado’s Education Association President, Kerrie Dallman, welcomed many thousands of delegates at the National Education Association to Denver this summer for its national convention.  http://www.youtube.com/watch?v=Wb_62weV7EE&sns=em

If you wondered how your friends and family in the education profession might be willing to respect the citizens’ Taxpayer’s Bill of Rights, please watch just one minute of the attached video, starting at into 1.30 it.  Realize how that message was then taken back across the nation.  Then consider the TABOR Committee’s mission to inform people in other states of the TABOR benefits.

(In the last two minutes of the video, Dallman talks about the Community Organizers imported and hired into JeffCO since this spring to work against new school board policies.  And to think that the media reported the walk-outs as if they were spontaneous.)

Penn Pfiffner