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One third fixed two thirds punt: Colorado’s special session shrugs off hard cuts
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ScottKJames.com, Approved, Commentary, State

One third fixed two thirds punt: Colorado’s special session shrugs off hard cuts

By Scott K. James | Commentary, Scott K. James Dems filled about $253M of a $783M gap by ending tax breaks, then handed the real cuts to Polis and the reserves. One-third fixed. Two-thirds punted. The Denver Post reports that the Special Session Show wrapped after Democrats plugged about $253 million of a $783 million shortfall by ending tax breaks and other revenue moves. Roughly $530 million still yawns open. That hot potato now rolls to Gov. Jared Polis, who is expected to mix mid-year cuts with a deep dip into reserves. Eleven bills head to his desk. The biggest moneymaker, HB25B-1004, auctions tax credits for a one-time cash hit this year while sacrificing future revenue. The Post also notes the partisan script. Democrats...
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Democrats Push Business Tax Increases To Fill State Budget Gap
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State, Approved, CBS Colorado

Democrats Push Business Tax Increases To Fill State Budget Gap

By Shaun Boyd | CBS News Colorado State lawmakers passed four bills raising taxes on Colorado businesses as a special legislative session stretched into a fifth day. Gov. Jared Polis called lawmakers back to work after President Trump's "Big Beautiful Bill" cut taxes, leaving the state without enough revenue to cover expenses. This year's budget is short $750 million. The four bills raise about $330 million a year. Democrats say businesses are taking the biggest hit because they got the biggest breaks in the "Big Beautiful Bill" and Coloradans on food stamps and Medicaid need help more. "Small businesses are the backbone of our society, and so are teachers and nurses," said Democratic state Sen. Faith Winter. Republican state Sen. Lisa Frizell says the tax increases wi...
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