Jon Caldara, president of the Independence Institute, turned in 197,000 signatures for Initiative 306, which would cut the state income tax rate by 0.08 percent, from 4.63 percent to 4.55 percent.
The Denver-based free-market think tank says the measure is meant to help get “Colorado’s economy back to its former strength, by putting money back into the pockets of those who earned it.”
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