Rocky Mountain Voice

Menu

Tag: Flat Tax

Montana Looks To Colorado’s Flat Tax Legacy As Colorado Debates Progressive Alternative
No Comments
Complete Colorado, Approved, State

Montana Looks To Colorado’s Flat Tax Legacy As Colorado Debates Progressive Alternative

By Nash Herman | Complete Colorado While Montana is poised to learn from the flat tax success stories of Colorado and other Western states, the push for a progressive income tax in Colorado threatens the very policies that made the state successful in the first place.  Some history  Colorado and Montana both implemented progressive individual income taxes in the 1930s during the Great Depression.   However, Colorado was one of the first states to join the “flat tax revolution” when it implemented a single flat rate of 5 percent for all incomes in 1987.  Then, through rate cuts at the turn of the century and Independence Institute-led Propositions 116 and 121 in 2020 and 2022, Colorado lowere...
Read More
Colorado Voters To Decide Whether To Cap State Income Tax At 4.4%
No Comments
Colorado Politics, Approved, State

Colorado Voters To Decide Whether To Cap State Income Tax At 4.4%

By Thelma Grimes | Colorado Politics Election officials on Thursday confirmed that the proposal to cap the state’s income tax at the current rate submitted signatures and voters will consequently decide its fate this November. The fight over tax rates is part of the tug and pull in Colorado between opposing political forces feuding over state revenue. One side of that fight argues that Colorado isn’t generating enough revenue to spend on state priorities, such as education. The competing side counters that the state already collects enough — but policymakers’ spending priorities are misplaced. The Secretary of State’s Office on Thursday cleared Initiative No. 232 after Advance Colorado, the group behind it, submitted more than 184,000 signatures to get it on the b...
Read More
Colorado Graduated Tax Initiative Draws Major Support From Democratic Lawmaker’s Nonprofit
No Comments
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. ...
Read More
Two measures. Two opposite answers. One Colorado income tax rate.
No Comments
Rocky Mountain Voice, State, Top Stories

Two measures. Two opposite answers. One Colorado income tax rate.

By Shaina Cole | Contributing Writer, Rocky Mountain Voice Colorado voters may face a choice in November between two measures that couldn't disagree more about the state income tax. One would replace the flat rate with a graduated system and raise close to $2 billion a year. The other would make it illegal to raise the rate at all. Neither one is a new idea. And the differences between them go deeper than the rate. What each one does Colorado's income tax has been flat since 1987, meaning everyone pays the same percentage regardless of what they earn. The rate is currently 4.40 percent. Initiative 195, backed by a coalition led by the Bell Policy Center, would replace that with six brackets.  The Legislative Council Staff, which produces nonpartisan fiscal analys...
Read More
Progressive tax push could cripple Colorado’s economy
No Comments
Rocky Mountain Voice, Approved, Commentary, State

Progressive tax push could cripple Colorado’s economy

By Robert G. Natelson | Commentary, Complete Colorado At a time when most states are cutting income taxes, some influential Colorado leftists want to jack up the state’s top income tax rate to one of the highest in the nation. They are hawking a “graduated” (or “progressive”) tax—that is, one that discriminates based on income. They promote this scheme with their usual demagogy, including the fraudulent claim that higher taxes will harm only “the rich.” In truth, it will harm almost everyone but the rich. Much of the Left’s demagogy is harmless, and some of it is even amusing. But this irresponsible scheme is positively dangerous. As explained below, it’s a revolver in a game of Russian Roulette aimed against the livelihood of Colorado families. A revolver with every chamber loade...
Read More
Why Ditching the Flat Tax Would Be Colorado’s Biggest Mistake
No Comments
Complete Colorado, Approved, Commentary, State

Why Ditching the Flat Tax Would Be Colorado’s Biggest Mistake

By Jake Fogleman | Commentary, Complete Colorado The battle over Colorado’s future tax system has officially begun, and the stakes for families, businesses, and the state’s economy couldn’t be higher. Backed by a coalition of advocacy groups that consistently push for higher taxes as the solution to Colorado’s challenges, the Bell Policy Center submitted proposed language for the 2026 ballot that would overturn nearly four decades of sensible tax policy by abandoning Colorado’s flat-rate income tax and adopting a graduated tax system. Under their proposals, Colorado taxpayers would be forced to confront a new five-bracket tax system with marginal rates up to 9.5 percent, among the highest in the country. The proponents claim it’s about fairness, equity, and making t...
Read More