Aug
12
Category Archives: Editorial
Aug
06
Hate Big Government? Crush New Smoking Taxes
In 2013, Coloradans overwhelmingly defeated Amendment 66, which would have been a $1 billion annual tax increase. The politicians wanted this tax increase, but the voters said no by a margin of 66-34. Thanks to TABOR, they had to ask us. We said politely declined.
This November, we will have the opportunity to vote on Amendment 69, which would create a single-payer health plan in Colorado at the cost of a new 10% payroll tax. It’s been widely panned, even by the Democrats, including US Senator Michael Bennet.
What Is TABOR? Here’s Why It Works For You
Featured
Jul
19
Lesley Smith and Laurie Albright: Sign a petition to de-fang TABOR
Yup, spend more.
That’s the blueprint for fixing everything.
According to them, more money will solve public education.
Obama’s $870 Billion dollar Stimulus failed because it was too little.
They wanted to spend more, more, more.
Then you looked at the results.
No improvement at all.
But we’re deeper in debt and they are none the wiser.
Thank God for TABOR!
The Colorado economy is booming now compared to during the recent recession, but because of a 26-year-old tax policy embedded in the Colorado Constitution (informally called the Taxpayer Bill of Rights, or “TABOR”), Colorado cannot invest all of its tax revenue to make up for cuts made during those harder economic times. Instead, the amendment says that all revenue collected above an out-of-date cap must be refunded to Colorado taxpayers. Each taxpayer received a refund of $13 to $41 this year, while our state continued to cut funds for basic infrastructure and services.
Jul
17
More Evidence that Balanced Budget Rules Don’t Work as Well as Spending Caps
More Evidence that Balanced Budget Rules Don’t Work as Well as Spending Caps
July 16, 2016 by Dan Mitchell
If you asked a bunch of Republican politicians for their favorite fiscal policy goals, a balanced budget amendment almost certainly would be high on their list.
This is very unfortunate. Not because a balanced budget amendment is bad, per se, but mostly because it is irrelevant. There’s very little evidence that it produces good policy.
Before branding me as an apologist for big government or some sort of fiscal heretic, consider the fact that balanced budget requirements haven’t prevented states like California, Illinois, Connecticut, and New York from adopting bad policy.
Or look at France, Italy, Greece, and other EU nations that are fiscal basket cases even though there are “Maastricht rules” that basically are akin to balanced budget requirements (though the target is a deficit of 3 percent of economic output rather than zero percent of GDP).
Indeed, it’s possible that balanced budget rules contribute to bad policy since politicians can argue that they are obligated to raise taxes. Continue reading
Jun
10
EDITORIAL: Celebrate TABOR for Making Colorado strong
EDITORIAL: Celebrate TABOR for Making Colorado strong | Colorado Springs Gazette, News
By: The Gazette editorial board
June 9, 2016 Updated:
Colorado is reliably hot, economically. During good times and bad nationally and internationally, the economy typically produces above-average indicators when compared to other states. When Forbes, Business Insider and others rank states by economic performance, Colorado sometimes ranks first and seldom fails to finish among the top five.
One economic factor makes Colorado different than all other states. It’s called the Taxpayer’s Bill of Rights, or TABOR. Only Colorado has such a law.
TABOR is like that persnickety old-school spouse who won’t let the household live beyond its means. The rest of the family may resent the rules, because compulsive spending is fun. But they ultimately benefit from the safety and security of a stable home.
The law restricts government spending with a formula that accounts for inflation and population growth. If revenues exceed what the formula allows, politicians must return the windfalls unless voters say otherwise. All changes to tax policy must be approved by a public vote.
TABOR is constantly under attack because it tells politicians “no.” It limits their ability to spend. But the benefits are not in question if one examines the facts.
Jun
08
Anti-TABOR lawsuit deserved latest setback in federal court
Anti-TABOR lawsuit deserved latest setback in federal court
Cyrus McCrimmon, Denver Post file
Colorado Attorney General Cynthia Coffman is defending the state against a lawsuit regarding TABOR.
By The Denver Post Editorial Board |
June 7, 2016 |
The Taxpayer’s Bill of Rights has multiple flaws that this editorial page has documented repeatedly over the years while urging lawmakers and voters to fix them.
We’re also on record as recently as last month urging the legislature to adopt a budgetary mechanism to free up revenue that otherwise would have to be refunded under TABOR.
But our critique of TABOR doesn’t extend to questioning the right of voters to enact or defend it. The 5-year-old lawsuit arguing that TABOR violates the U.S. Constitution’s mandate that states have a “Republican Form of Government” is too strained and exotic for our taste. It deserved the setback it suffered last week in federal court.
The 10th U.S. Circuit Court of Appeals ruled that several Colorado lawmakers who are plaintiffs lacked legal standing to sue because they do not represent the General Assembly as a whole.
Jun
06
Progressives Return To Their Roots
ICYMI, Mountain States Legal Foundation provides The TABOR Foundation and The TABOR Committee with excellent legal advice and representation. Here is their June column, Summary Judgement, written by MSLF President William Perry Pendley:
Each month, MSLF president and chief operating officer William Perry Pendley publishes his monthly column, Summary Judgment. A hard-hitting commentary on environmental, federal lands, natural resources, or private property rights issues, Summary Judgment is carried by newspapers, magazines, newsletters and other publications throughout the country. So topical are the issues addressed by Summary Judgment that they are often the focus of talk radio discussion for weeks after the column is sent out at the end of each month. Summary Judgment runs 650 words and may be reprinted so long as credit is given to William Perry Pendley and to Mountain States Legal Foundation. A glossy photograph of the author is available or download a high-res photo.
Progressives Return To Their Roots
Jun 01, 2016 | by William Perry Pendley
The Virgin Islands’ Attorney General issued a subpoena against ExxonMobil and a free-market think tank in Washington, branding, blacklisting, and besmirching hundreds from coast to coast as participants in a long-running criminal conspiracy. The think tank’s lawyer reviled the subpoena as “offensive,” “unlawful,” a violation of “civil rights,” and “un-American.” It is all that but one: “un-American.” It has its roots in progressives’ earliest and proudest days.
Jun
05
High Taxes Lack a Guarantee of Quality Services: See Detroit
It’s about how resources are managed
By JAMES M. HOHMAN | May 18, 2016
It is a common trope in Michigan and elsewhere that the path to state prosperity is to have high taxes and quality services, with Minnesota pointed to as the paragon. Yet high taxes do not guarantee quality services, as Detroit can attest.
Detroit has the highest effective property taxes in the country, according to the Minnesota Center for Fiscal Excellence’s 2014 property tax study. For commercial property at all different values, Detroit is No. 1 in the nation. For homesteaded property, only Bridgeport, Connecticut surpasses Detroit. Detroit also has the highest property taxes for most values of industrial property. Only New York City has higher property taxes on apartments than Detroit. All of these rates are higher than those in Minneapolis. The one saving grace for property taxpayers in Detroit is that the net tax burden has decreased with the collapse in real estate values in the city. Continue reading
May
24
Two Decades of Colorado’s Taxpayer’s Bill of Rights (TABOR)
Executive Summary:
Over two decades have passed since Colorado voters adopted The Taxpayer’s Bill of Rights in 1992. TABOR allows government spending to grow each year at the rate of inflation-plus-population. Government can increase faster whenever voters consent. Likewise, tax rates can be increased whenever voters consent. This Issue Paper analyzes TABOR’s effect on state government spending and taxes by examining three decades: The 1983-92 pre-TABOR decade; the first decade of TABOR, 1993-2002; and the second decade, 2003-12. The final decade included the largest tax increase in Colorado history, enacted as Referendum C in 2005. Decade-2 was also marked by increasing efforts to evade TABOR by defining nearly 60% of the state budget as “exempt” from TABOR.
Conclusion:
Tax-and-Spending Limitation Results
The Taxpayer’s Bill of Rights Amendment has worked well to achieve its stated intention to “slow government growth.” Although government has still continued to grow significantly faster than the rate of population-plus-inflation, the Taxpayer’s Bill of Rights did partially dampen excess government growth. It did not cut or reduce reasonable government growth.
In terms of economic vitality, Colorado’s Decade-1 was best for Colorado. Unlike in the pre-TABOR decade, or in TABOR Decade-2 with its record increase in taxes and spending, because of Referendum C, Colorado’s first TABOR decade saw the state economy far outperform the national economy.
http://www.i2i.org/wp-content/uploads/2015/01/IP-4-2016_b.pdf