Denver, CO – New taxes may be on their way to the ballot. Colorado Initiative Title Setting Review Board approved language for 12 new taxes. The next step will be collecting the two hundred thousand or more signature to have these ballot initiatives appear on your November 2020 ballot.
After the sound defeat of Proposition CC in 2019, the tax and spend crowd would go away for a while. The simple answer is no. As long as liberal billionaires fund “think tanks” like the Colorado Fiscal Policy Institute and the Bell Center For Policy, they will always be pushing for tax increases and the repeal of the Taxpayer’s Bill of Rights (TABOR).
From Colorado Politics:
The board also approved 12 initiatives from Carol Hedges and Steve Briggs of Denver that would create a graduated income tax system, raising approximately $2 billion to $2.4 billion. The money would go toward education and addressing “the impacts of a growing population and a changing economy.”
Voters have turned down tax increases and eliminating spending caps every election they have been on the state-wide ballot. The last successful attempt was Referendum C in 2005 after too many Republicans campaigned hard for it. In a related note, those Republicans political careers ended that day.
An income tax increase may not be the only bad thing we will see on the ballot in Colorado. Paid Family and Medical Leave may join it. Again from Colorado politics:
In other business, the Title Board greenlit two proposals to create a paid family and medical leave program based on employer-collected premiums. Employees would be eligible for between 12 and 16 weeks of leave and would be protected against employer retaliation from using the benefit. In one version, local governments could opt out of the program. The designated representatives are Timothy Tyler and Wendy Howell of Denver.
So employers will be taxed to pay for this. They won’t be able to fire employees. We’re guessing this will hurt the economy and continue making Colorado a less business-friendly state. Goodbye job growth!
The government and the people who want to wield its power, always want your money. Don’t let them have it!
What do you think about increasing taxes in Colorado? Does the government have enough of our hard-earned money? Please post your comments below and on social media!
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