Bishop: CO Legislature using TABOR refunds to pay for special interest tax benefits
- April 25, 2023
At present, everyone in Colorado pays the same marginal income tax rate, 4.63 cents out of every additional taxable dollar earned. Colorado officials and their allied interest groups support a constitutional amendment both to increase the state’s income tax and to create two tax brackets. They say the additional funding will improve K-12 education, although
READ MOREMembers of the Denver City Council are proposing an ordinance that would impose a 5-cent charge on disposable (paper and plastic) bags used to carry purchases at point of sale at grocery and convenience stores with “over 1500 square feet” of retail space. Proponents call this bag charge a “fee.” But with even a little
READ MOREBy what authority can the state government take tax money out of your pocket and give it away to a private corporation? The answer is that corporate welfare schemes, such as so-called “public-private partnerships,” flagrantly violate the Colorado Constitution.
READ MOREby Harris Kenny Solar panel-maker Solyndra has been in the headlines because it received $528 million worth of taxpayer-backed federal loans and then went bankrupt. But Denver residents don’t need to look at failed Solyndra to see the trouble that government loans can bring. Sadly, there are some prime examples closer to home. Last month,
READ MOREby Barry Poulson In November, Colorado citizens will vote on Prop 103 to increase taxes and earmark the revenue for education K-12. Prop 103 increases the personal income tax, the corporate income tax, and the statewide sales and use tax for the years 2012 through 2016. The Fiscal Impact Statement prepared by the Colorado Legislative
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