This is disingenuous at best, but I would call it an outright lie. Marijuana taxes are less than the expected TABOR refunds. All the money goes into the general fund, where one dollar is indistinguishable from the next. It is more honest to say that thanks to marijuana taxes and an improving economy, the government coffers are overflowing and they will return money to the taxpayers. Not according to Pat Steadman. Read on:
“SHOULD 1st YEAR TAXES FROM PROP AA BE RETAINED?
If you’ve been keeping score, voters have twice voted to tax and regulate marijuana in Colorado. In 2012 we passed Amendment 64, which legalized marijuana and instructed the legislature to create laws for taxation and regulation. In 2013 the legislature referred Proposition AA to the ballot, proposing a tax scheme that voters overwhelmingly adopted.
But it doesn’t stop there – I’m working on a bill for 2015 that would ask voters to allow the tax revenues generated by Prop AA during its first full-year of implementation to be retained and spent. Yes, thanks to a peculiar provision of the TABOR Amendment, you’ll have to vote a third time to make the pot taxes work as intended. Continue reading