HB26-1240: Colorado Democrats Expand Tax Giveaways—and Eat Your TABOR Refund
Cory Gaines | Commentary, Colorado Accountability Project
HB26-1240 (linked first below) is a great example of tax policy which mimics a dynamic I have seen with other policy such as gun control.
Rather than taking all in one big shot, something that would get all kinds of undue attention, you take in a piecewise manner. E.g. in year 1 you get red flag laws passed, but they’re limited so as to not cause too much heartburn. When that settles down, you can then spend subsequent years making additions to that first law. In the case of HB26-1240, you start by offering expanded tax credits to people and then you expand the credits further.
In order to fully appreciate what I mean, we have to do some background first.
Colorado’s Earned Income Tax Credit (EITC) is another ...