IP-3-2000 (February 2000)
Author: Barry Poulson
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It is difficult to explain the 60 odd tax bills before the Colorado Legislature this year. Every interest group in the state seems to be clamoring for tax refunds, tax cuts, or expenditures of surplus revenue to benefit their interest group. If the legislature responds to these special interests this year, as they did last year, we will end up with more loopholes and more complexity in our tax system. We seem to have forgotten the lessons learned from the tax reforms launched by the Reagan revolution, and it is time for Colorado legislators to return to these basic principles of tax reform. I will discuss first the principles that should guide tax reform in Colorado, and then some of the proposed tax bills.