Evaluating Gov. Polis’s Tax Reform Agenda: Tax Expenditures vs. Broad-Based Tax Relief
By Fiscal Policy Center | SOURCE: INDEPENDENCE INSTITUTE
Colorado’s governor, Jared Polis, champions increasing state revenue by eliminating provisions of the tax code that benefit special interests—what state budgeters call “tax expenditures.” Rather than use the new money to grow government or redistribute surplus revenue through tax handouts and Taxpayer’s Bill of Rights (TABOR) refunds, however, the governor argues the state should use the revenue to provide tax relief for all Colorado taxpayers through income tax rate reductions. As far back as 2018, Polis campaigned on this tax reform approach. This report evaluates Governor Polis’s progress in advancing these tax reform goals. By calculating the revenue impact of each tax expenditure modification, it determines whether legislatio...