Colorado Progressives Blame TABOR For $1.5B Budget Gap While Expanding Costly Tax Credits

By Nash Herman | Commentary, Complete Colorado

Karl Marx, co-author of The Communist Manifesto, once wrote “History repeats itself, first as tragedy, then as farce.” We’re watching a version of this play out at the Colorado State Capitol.

Like thousands of enlightened technocrats who came before them, Colorado’s progressive legislators believe that they are uniquely endowed to once and for all fix structural flaws in the state’s budget and finally bring “fairness” and “equality” to Colorado. 

If they could only eliminate the Taxpayer’s Bill of Rights (TABOR, heavily tax the rich, and preserve their preferred special interest tax breaks, then Colorado would have heaven on Earth. 

Really, this farcical display will only serve to destroy Colorado’s economy—and for what? 

Tax breaks for special people

Days after the Joint Budget Committee (JBC) received an updated revenue and economic forecast revising Colorado’s estimated budget shortfall to almost $1.5 billion, legislators doubled down on bad policy, passing House Bill-1289 out the Finance Committee.  

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