VIDEO: Legislature Steals TABOR Refunds, Pays Off Special Interests
Last year, Independence Institute’s fiscal policy center published a 67-page report detailing every change made to state tax expenditures over Gov. Polis’s first term in office. This year, the legislature has proposed around two dozen new bills to further expand tax expenditures by over $600 million dollars in FY2024-25 alone, with more in future years. […]
VIDEO: Colorado Property Tax Video Series

Under current law, residential property taxes are set to increase by over 30 percent on average across Colorado. Such increases will come as a shock to homeowners who until recently were protected from large property tax increases like this by the Gallagher Amendment in the state constitution. Renters will see the impact of the tax […]
Five fiscal policy issues to watch in the 2023 legislative session
Voters gave Colorado Democrats a decisive victory in this year’s state races, yet they also passed Independence Institute’s income tax cut by approving Proposition 121. While they elect left-of-center candidates, they continue to expect low taxes and fiscal restraint by their government. As recently as 2018, Republicans controlled the Colorado senate and served as a […]
Comparing 2022 Gubernatorial Nominees’ Plans to Eliminate Colorado’s Income Tax

The 2022 Republican nominee for governor of Colorado, Heidi Ganahl, has proposed eliminating Colorado’s income tax, calling it a “big bold idea to take us to zero income tax.” On September 30th at a gubernatorial candidates’ forum hosted by Colorado Concern, the moderator, Dean Singleton, pressed Ganahl on her plan for accomplishing this. In response, […]
Tax Expenditure Modifications, 2019-2022: Governor Polis’s Record on Special Interest Tax Benefits

Governor Polis has garnered national recognition for his politically libertarian and right-leaning ideas as a Democrat, especially on the issues of limited government and tax policy. Breaking from the Democrat party line, during the 9News gubernatorial candidates debate in October 2018, he told Coloradans he wanted to eliminate special interest tax benefits and use the […]
Independence Institute Comments on 2nd Initiative 31 Draft Analysis – Income Tax Cut

The state constitution requires the state to produce a voter information booklet, commonly known as the “Blue Book,” on every legislatively referred and citizen initiated measure to appear on the statewide election ballot. The booklet, prepared by Legislative Council Staff (LCS), must provide fair and impartial analysis of each measure. LCS solicits comments from the […]
Reducing state income tax a counter to recession

Reducing state income tax a counter to recession Today at 8:30 a.m., the U.S. Bureau of Economic Analysis will release second quarter GDP numbers. If it reports negative economic growth as economists expect, then a technical recession has already begun in the United States. Colorado can insulate itself by reducing the state income tax. Understanding why […]
Inflation makes the case for lowering Colorado’s income tax

Inflation makes the case for lowering Colorado’s income tax Inflation hit another 40-year high in June, according to federal inflation data released yesterday. Coloradans have taken the fight against rising costs into their own hands with a citizens’ initiative to lower the income tax rate and put the state on a path to zero. Last […]
Independence Institute Comments on Initiative 31 Draft Analysis – Income Tax Cut

The state constitution requires the state to produce a voter information booklet, commonly known as the “Blue Book,” on every legislatively referred and citizen initiated measure to appear on the statewide election ballot. The booklet, prepared by Legislative Council Staff (LCS), must provide fair and impartial analysis of each measure. LCS solicits comments from the […]
Interview with Paul Prentice: Economic Impact COVID-19 Policies in Colorado

Paul Prentice, economist and Independence Institute senior fellow, sits down with Jon Caldara to discuss his study Unequal Opportunities, Unequal Outcomes: The COVID-19 Recession in Colorado. The study explores Colorado’s policy responses to the COVID-19 pandemic and the economic and social consequences of those policies for various populations across the state. I don’t know […]
A Path to Zero Income Tax for Colorado
When an interviewer recently asked Colorado’s Democratic governor Jared Polis what the state’s income-tax rate should be, he answered without hesitation: “It should be zero.” For many Coloradans, this came as no surprise: The effort to chisel away at the income tax has already gained steam in the state. Last year, voters reduced the tax […]
Backgrounder: $617 million in Hidden Taxes from 2021 Session
With the 2021 Colorado regular legislative session concluded, lawmakers have approved tax and fee increases on Coloradans of up to $617 million annually without voter consent. The new revenues are enough to give every schoolteacher in Colorado a $11,343.65 per year raise. The tax and fee increases amount to an average of $430 per year […]