Category Archives: Education

Mar 12

NEW COLORADO BALLOT PROPOSAL

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Increase taxes on rich, lower them for rest

By Alex Burness
The Denver Post

Coloradans may be voting this November on a proposal to raise billions of dollars annually by hiking taxes on the rich and using the money on schools and other, unspecified needs of a “growing population and changing economy.”

An issue committee that calls itself Fair Tax Colorado announced Thursday that it will begin collecting signatures to place its proposal, titled Initiative 271, on the 2020 ballot. They’ll need at least 124,632 of them to qualify for the ballot.

It would compensate for the loss in revenue from the tax cut by requiring everyone earning at least $250,000 to pay a 7% income tax rate on their federal taxable income after the first $250,000 and up to $500,000.

Anyone earning more than $500,000 would then pay a 7.75% rate on their income above and beyond the first $500,000, and up to $1 million. Finally, for anyone earning more than $1 million, the measure proposes to tax them $67,700 plus 8.9% of all federal taxable income above and beyond the first million

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Mar 04

TABOR repeal is off the table for 2020. Now it’s Initiative 271, a $2 billion tax hike targeting the wealthy

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Vision 2020 Colorado, a coalition behind a tax system overhaul, tells The Sun it will move forward with a graduated income tax measure that will lower taxes for the vast majority

John Frank

The Colorado Sun — johnfrank@coloradosun.com

A coalition pushing to overhaul Colorado’s tax system will not pursue a complete repeal of the Taxpayer’s Bill of Rights this year, opting instead for a ballot measure in November that would generate billions in new money with higher taxes on the wealthy.

The new initiative — which is expected to receive final legal approval Wednesday — is designed to create a more equitable tax system in Colorado by lowering the current 4.63% tax rate for households making less than $250,000 a year.

MORE: Colorado’s regressive tax system, and a proposed graduated income tax, explained

An estimated 95% of taxpayers who are below the threshold would qualify for the tax cut, which would tax effect for 2021. For those who make more, the rate is higher with a maximum of 8.9% for annual taxable income over $1 million.

The organizations behind the ballot question, known collectively as Vision 2020 Colorado, expect the new graduated income tax to generate an estimated $2 billion a year in new money with at least half earmarked to increase teacher salaries and retention. The remainder would be spent at the discretion of state lawmakers.

“We know middle-income Coloradans are paying a greater share of the tax burden than the wealthy 5%, but our tax code isn’t just unfair, it’s inadequate,” said Scott Wasserman, president of the Bell Policy Center, a leading proponent of the measure. The tough decisions made by state lawmakers about how to spend the $30 billion annual budget, he added, are “a purely consequence of our state not having enough money.”

After repeated losses, supporters hope for a different outcome in 2020

The decision to move forward on this measure — shared first with The Colorado Sun — ends months of speculation about the direction liberal advocacy organizations would take in the 2020 election after testing more than 100 different ways, to revamp TABOR or the state’s tax system.

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Feb 25

More Tax Increases Headed to the Ballot?

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They’re coming for more of your money!

Denver, CO – New taxes may be on their way to the ballot. Colorado Initiative Title Setting Review Board approved language for 12 new taxes. The next step will be collecting the two hundred thousand or more signature to have these ballot initiatives appear on your November 2020 ballot.

After the sound defeat of Proposition CC in 2019, the tax and spend crowd would go away for a while. The simple answer is no. As long as liberal billionaires fund “think tanks” like the Colorado Fiscal Policy Institute and the Bell Center For Policy, they will always be pushing for tax increases and the repeal of the Taxpayer’s Bill of Rights (TABOR).

From Colorado Politics:

The board also approved 12 initiatives from Carol Hedges and Steve Briggs of Denver that would create a graduated income tax system, raising approximately $2 billion to $2.4 billion. The money would go toward education and addressing “the impacts of a growing population and a changing economy.”

Voters have turned down tax increases and eliminating spending caps every election they have been on the state-wide ballot. The last successful attempt was Referendum C in 2005 after too many Republicans campaigned hard for it. In a related note, those Republicans political careers ended that day.

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Feb 14

Colorado House Rep Jovan Melton Said It’s None Of Taxpayer’s Business As To Where Taxpayer Money Is Spent

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Ruh roh….
Colorado Rising State Action@COStateAction
 This says a lot. We need more accountability in state spending, not less.
Another reason we’re thankful for the Taxpayer’s Bill of Rights.
Feb 14

Federal Spending Is Out Of Control, But State Lawmakers Are Introducing Reforms To Rein In The Growth Of Government

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Wyoming

Americans are frequently told – by members of the media, candidates, and others – that political division is heightened in this consequential election year. Members of Congress, however, have reached bipartisan agreement that the federal government should spend more money than it brings in, even when the economy is growing and unemployment is low. Fiscal profligacy carries the day in Washington, yet lawmakers in state capitals are taking action to ensure that state spending and the size of government grows at a sustainable clip.

A member of the Wyoming Legislature, Representative Chuck Gray (R), introduced a joint resolution last week that seeks to limit the growth of the state budget and require voter consent for the approval of future tax increases. House Joint Resolution 2, introduced by Representative Gray on February 7, would amend the state constitution to include a “Taxpayer’s Bill of Rights” that would do two things: limit state spending to the rate of population growth plus inflation, and require all state tax hikes receive voter approval.

Representative Gray’s bill is inspired by Colorado’s Taxpayer’s Bill of Rights (TABOR). Like the TABOR measure now pending in the Wyoming statehouse, Colorado’s TABOR, which has been the law since it was approved by Colorado voters in 1992, requires that all state tax hikes receive approval from Colorado voters. Colorado’s TABOR also caps the increase in state spending at the rate of population growth plus inflation.

Colorado’s TABOR is the reason why Democrats who control the Colorado Legislature and would like to impose a host of tax increases are unable to do so. In November of 2019, Colorado voters affirmed their support for TABOR by rejecting Proposition CC, a measure referred to the ballot by legislative Democrats that would’ve gutted TABOR by ending the taxpayer refunds due in accordance with it.

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Feb 01

Bill to transfer funds to road and bridge projects dies in committee

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The #coleg is discussing the possibility of raising the #gastax. Luckily, our Taxpayer’s Bill of Rights makes you the decisionmaker, not politicians.

FILE - Colorado Interstate 25
In this Thursday, July 11, 2019, file photograph, southbound Interstate 25 traffic lanes bog down to a crawl at the interchange with Interstate 70 just north of downtown Denver.

AP Photo/David Zalubowski

A bill that sponsors say would add revenue to funding for Colorado’s roads and bridges without raising taxes was shelved by Democrats in a Senate committee hearing on Wednesday.

Senate Bill 044 was postponed indefinitely by the Democratic-controlled State, Veterans, & Military Affairs Committee on Wednesday.

The bill would allocate 10 percent of revenue from sales and use taxes on vehicles toward the state’s highway users tax fund and local governments. That revenue would be moved from the general fund under the legislation.

A fiscal note for the bill says it would transfer $366.3 million in fiscal 2021 from the general fund to the highway users tax fund, and $380.7 million in the following year.

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Jan 30

How will Colorado pay for better roads if taxpayers don’t want to pay for better roads?

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Let us decipher Matt Gray’s comments (…”we need new revenue to go along with it.”)
 with our 6-word analysis:

“We’re going to raise your taxes”

#TABOR
#ItsYourMoneyNotTheirs
#ThankGodForTABOR
#FixTheDamnRoads
#CoLeg 

How will Colorado pay for better roads if taxpayers don’t want to pay for better roads?

Colorado drivers demand better roads and less traffic. Colorado taxpayers won’t pay for better roads and less traffic.
Author: Marshall Zelinger
Published: 10:50 PM MST January 29, 2020

DENVER — Colorado drivers love complaining about traffic and bad roads.

Don’t believe us? Ask one.

Colorado voters love saying no to giving up more of their money to fix traffic and roads.

Don’t believe us? Look at the state’s history on ballot issues for roads.

Republican lawmakers want to continue using general fund money — the money that the state already collects and spends.

“This building keeps saying to the people of Colorado, ‘give us more money,’ and the people of Colorado are saying, ‘show me you’re going to spend the money we’re already given you on the things we care about, like roads and bridges,'” said Sen. Paul Lundeen, R-Monument.

Lundeen proposed a bill that would have brought back an old Colorado law that used existing money the state already collected.

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