Evaluating Gov. Polis's Tax Reform Agenda: Tax Expenditures vs. Broad-Based Tax Relief
- January 23, 2024
Colorado’s Proposition 103 will raise state taxes $532 million in the first year and about $2.9 billion in the first five years. It proposes to raise the income tax rate on individuals and families, as well as small businesses, and simultaneously to raise the state sales tax rate. Proposition 103 is the only state issue on this fall’s ballot.
READ MOREResidents of Colorado should know how their tax burden compares with Americans throughout the nation. Colorado ranks 26th nationally, compared to all other states for the combined state and local tax burden, on a per capita basis.
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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