Monthly Archives: November 2020

Nov 18

How Colorado Voters Cut Taxes During a Statewide Blue Wave

Posted on by
By 

November 16, 2020 6:30 AM

An election official notes the weight of a ballot box as a means to estimate the number of ballots locked inside before they are processed and counted for the presidential election in Denver, Colo., October 22, 2020. (Kevin Mohatt/Reuters)

And how, at the same time, progressives duped them into massive tax increases elsewhere.

In an election year where the political Left won nearly every ballot question and contested political race in the state, Colorado voters approved two conservative-backed ballot measures demanding fiscal restraint.

Proposition 116 reduces the state’s flat income-tax rate from 4.63 percent to 4.55 percent, and Proposition 117 requires the legislature to receive voter approval of large new government fees.

Most outcomes from Colorado’s 2020 ballot come as no surprise in a state now largely dominated by the Left. Democrats flipped a seat in the state senate while losing nothing. The Republican-to-Democrat ratio in the House remained unchanged. Voters rejected a ban on abortion after 22 weeks of gestation. The state agreed to join the National Popular Vote compact. Environmental activist groups won on Proposition 114, a measure to introduce gray wolves to the Colorado Rockies. The tax and fiscal issues, however, have left many Colorado policymakers and pundits baffled.

To continue reading the rest of this story, please click (HERE):

Nov 18

Election 2020 proves that every state needs to do what Colorado has been doing since 1992

Posted on by

Some states that have a strong reputation for low tax burdens, such as Texas, Florida, North Carolina, and Arizona are noticeably weak when it comes to taxpayer protections

In addition to voting for elected officials at the federal, state and local level, taxation was on the ballot on Election Day all across the country.

Close to 2,400 measures that have tax or fiscal ramifications were on American ballots in the form of property tax measures, bond propositions and more.

Close to $25 billion in annual tax hikes were voted on, a significant amount that would hit taxpayers’ wallets in dozens of states.

Not only that, but more than $50 billion in bond measures were on the ballot, which can result in higher debt obligations for governments that could affect taxpayers for decades.

To continue reading this story, please click (HERE):