By Nash Herman | Commentary, Complete Colorado
Initiative 195, the proposed ‘progressive’ income tax ballot measure, promises long-term pain for Colorado taxpayers due to what economists call “bracket creep.”
But we do not need to speculate about the impact of bracket creep, as we can already see its effect in action since voters passed Proposition FF in 2022.
Proposition FF
Through Proposition FF, voters decided to increase taxes on high-income Colorado earners to support a universal school lunch program.
The measure capped state deductions for tax filers with a federal adjusted gross income exceeding $300,000 and directed new revenue to the Healthy School Meals for All (HSMA) program.
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