Rocky Mountain Voice

Tag: Colorado Taxes

Colorado Graduated Tax Initiative Draws Major Support From Democratic Lawmaker’s Nonprofit
Complete Colorado, Approved, State

Colorado Graduated Tax Initiative Draws Major Support From Democratic Lawmaker’s Nonprofit

By Sherrie Peif | Complete Colorado DENVER – State Rep. Lorena Garcia, a Westminster Democrat, has been working overtime to ensure a progressive state income tax initiative makes it in front of Colorado voters this November, including donating big bucks via a tax-funded nonprofit to the issue committee charged with getting the measure on the ballot. If passed, Initiative 195 would raise the current flat tax rate of 4.4 percent to 7.4 percent for those earning more than $500,000, and increasing as incomes rise to a top rate of 8.4 percent for those earning more than $1 million. A majority of Colorado taxpayers might see a slight income tax reduction, with many eventually getting caught up in the graduated brackets, as they are not indexed for inflation. ...
Colorado Progressive Tax Plan Raises Long-Term Bracket Creep Concerns
Complete Colorado, Approved, State

Colorado Progressive Tax Plan Raises Long-Term Bracket Creep Concerns

By Nash Herman | Complete Colorado Proponents of a progressive state income tax claim that it will give most Coloradans a break on their taxes.   Those familiar with history, inflation, and bracket creep see a much different long-term picture.   Repeating history The US adopted a federal income tax in 1913, justified by the claim that only about one percent of the population would pay the tax in its earliest years.  Does this sound familiar?   Proponents of Initiative 195, the ballot measure to switch Colorado’s 4.4 percent flat income tax rate to a progressive tax, are adamant that the measure is fair because 97 percent of filers will receive a tax cut.  READ THE FULL ARTICLE AT COMPLETE COLORAD...
Colorado Graduated Income Tax Proposal Heads to Signature Review
Colorado Politics, Approved, State

Colorado Graduated Income Tax Proposal Heads to Signature Review

By Marianne Goodland | Colorado Politics The measure, which eliminates Colorado’s flat tax, is expected to raise $2 billion in new revenue The proposal to amend the Colorado constitution to change the state’s flat rate into a graduated income tax came in under the wire Monday, the deadline for groups to turn in petition signatures for November’s ballot, setting up a high-stakes battle over revenue. Backers of the graduated tax proposal — which would marginally decrease the tax liability for the lower ends of the new bracket, while raising taxes for others — turned in 157,000 signatures with about an hour to go before the 5 p.m. deadline. The proposal, if approved at the ballot box, is expected to generate $2 billion more in tax revenue for the state. Doze...
The American Dream still depends on rewarding hard work
Rocky Mountain Voice, Commentary, State, Top Stories

The American Dream still depends on rewarding hard work

By Gabe Evans | Guest Commentary, Rocky Mountain Voice When our founding fathers signed the Declaration of Independence, they envisioned a nation that could stand the test of time. A United States of America that not only encouraged freedom and independent thought, but that structurally safeguarded it. They believed in a nation defined by liberty, opportunity, personal responsibility, and an enduring love of country.  Today, 250 years later, we are living the future they imagined.  Our nation is known globally as the land of opportunity, where the American Dream thrives and is achievable for anyone who has the resolve to pursue it. That sense of promise is deeply personal to my family and I, as it is what led my Abuelo Cuauhtemoc Chavez — who was born in Mexico — to ...
Initiative 195 would raise taxes on Colorado’s top earners. A new report asks whether they’d stay.
Rocky Mountain Voice, State, Top Stories

Initiative 195 would raise taxes on Colorado’s top earners. A new report asks whether they’d stay.

By Jen Schumann | Rocky Mountain Voice The income tax on a Colorado household earning under $25,000 would fall by $9 a year under Initiative 195. A filer reporting between $2 million and $5 million would pay about $13,914 more. Both figures come from the measure's certified ballot title. The Common Sense Institute, a free-market policy group in Greenwood Village, says that second household is also the one most likely to pack up and leave Colorado, and that the state would lose part of the revenue the tax is supposed to bring in right along with it. Initiative 195 would end Colorado's flat income tax. The state taxed income on a graduated scale for its first 50 years, then switched in 1987 to a single rate, now 4.4 percent, that applies to every earner.  In its place, 1...
Colorado’s budget keeps growing. Florida just cut spending again
Complete Colorado, Approved, Commentary, State

Colorado’s budget keeps growing. Florida just cut spending again

By Nash Herman | Commentary, Complete Colorado While Colorado’s majority Democrats lament the state’s persistent budget challenges, Florida’s Republican majority just celebrated reducing spending for a second consecutive year in another business-as-usual state budget.  Colorado legislators have plenty of lessons they could learn from Florida, instead, they are more likely to double down on more tax and spend, economy-wrecking policies.  How the states compare  Governor Jared Polis recently signed a $46.8 billion state budget, an almost 7 percent increase over last year’s $43.9 billion in spending, this despite legislators’ constant catastrophizing about Colorado’s “budget shortfall.”  That amounts to approximately $7,800 for every Color...
Colorado tax data complicates the “fair share” argument
Colorado Accountability Project, Approved, Commentary, State

Colorado tax data complicates the “fair share” argument

By Cory Gaines | Commentary, Colorado Accountability Project High Income Coloradans pay an outsized share of income taxes As a follow-up to an earlier newsletter on Colorado’s income tax distribution (the graph headlining this post is from that newsletter), I did a summary op ed for Complete Colorado. That op ed delves into why a progressive income tax in this state would be foolhardy policy. More, including a link to my earlier newsletter with more context and detail, in the link below. https://completecolorado.com/2026/05/21/high-income-coloradans-outsized-share-income-taxes/ A different take on easing the tax burden for low income earners In the first post today, I shared an op ed I wrote which outlines why a progressive income tax (making t...
Taxpayers on the Hook When Government Programs Cost More Than Promised
Complete Colorado, Approved, Commentary, State

Taxpayers on the Hook When Government Programs Cost More Than Promised

By: Nash Herman | Commentary, Complete Colorado Colorado’s state budget is structurally unsustainable, which majority Democrats say could be fixed by ending voter consent over new taxation or by increasing taxes on Colorado residents through a progressive income tax.  While those suggestions would certainly increase state revenue, they are unlikely to fix Colorado’s ongoing budget deficits.  Meanwhile, taxpayers often learn too late that programs are vastly exceeding costs; programs like Cover all Coloradans, Healthy School Meals for All, and the wolf reintroduction scheme were all revealed to be more expensive than initially advertised to voters.  Why do programs end up being so much more expensive than advertised?&n...
Colorado Voters To Decide Future Of TABOR Refunds In November
Complete Colorado, Approved, State

Colorado Voters To Decide Future Of TABOR Refunds In November

By Sherrie Peif | Complete Colorado DENVER — For years, Democrats have been chipping away at Taxpayer’s Bill of Rights (TABOR) refunds while looking for ways to permanently disable the more than 30-year-old constitutional amendment that, among other things, limits growth of a portion of the state budge to a formula of population growth plus inflation.  Revenue collected over that limit must be refunded to taxpayers unless voters consent to forgoing refunds at the ballot box. This year, however, they may have found the way. The late session introduction and passage of Senate Bill 135 sends a question to the voters in November essentially ending TABOR rebates.  Proponents are using using school children and teachers to tug at the heart strings of Coloradans ...
SB 135 Education Tax Plan Lacks Accountability For Teacher Pay Raises
Complete Colorado, Approved, Commentary, State

SB 135 Education Tax Plan Lacks Accountability For Teacher Pay Raises

By Nash Herman | Commentary, Complete Colorado According to the sponsors of Senate Bill 135, Colorado teachers will remain severely underpaid unless voters approve massive spending increases and a permanent change to how the Taxpayer’s Bill of Rights (TABOR) revenue cap is calculated.  In reality, even if it were true that Colorado’s teachers are underpaid, the SB-135 tax hike does not guarantee that things like teacher pay will increase or that teacher retention will improve.  Let’s examine why.  False advertising  The stated purpose of SB-135 is to direct new education funding to any of four categories, as best determined by school districts: increasing teacher pay, improving teacher retention, lowering class size...