This week, we at Independence started a petition drive for a very big idea in the form of a tiny, little tax cut.
Why? We must energize our economy. And in order to do that people need to be able to use more of their own money.
It’s time to lower taxes and get people back to work. The state legislature could do it. But they won’t. So, you and I will do it for them.
The combination of our flat rate income tax and our Taxpayer’s Bill of Rights has made for a sustainable gold rush which has turned Colorado into one of the most economically vibrant states in the country with one of the lowest unemployment rates. This was until the COVID-19 crisis when the government mandated shutdowns and wrecked our economy.
We need to keep that gold rush going to keep public and private coffers filled. Our proposal encourages investment and employment in Colorado by dropping the flat income tax rate from 4.63% to 4.55%.
Assuming we get enough signatures to get this on the ballot, our measure serves a second purpose. It stands in stark contrast to another citizens’ initiative – a massive tax increase that would also end Colorado’s successful flat income tax and replace it with a progressive one.
The proponents of this fall’s progressive tax increase will tout theirs as a “middle class tax cut.” Well, ours is a middle class tax cut too. Actually, ours lowers taxes for the middle class more than theirs.
I’ll be happy to share a ballot with them to give voters a real choice.
Question is, which one is actually the tax cut? Hint: Not the ballot question that starts “Shall taxes be raised $2,000,000,000 annually.”
If you’d like more details, check out the column I wrote about it for The Gazette.
We’re going to need YOUR help to get this done. If you would like to volunteer to get signatures, we’d be happy to get you a petition booklet which can hold up to 80 signatures. (Info: you can’t sign the petition on your own booklet, and you’ll have to return the booklet to us in a couple weeks, notarized.)
If you want to sign your name to a petition, we can help you do that too!
Please contact Mary MacFarlane at firstname.lastname@example.org if you want to sign a petition or pick up one to collect signatures and help get Colorado on its feet again!