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Tag: Proposition FF

Inflationary Bracket Creep With Initiative 195 Could Push More Coloradans Into Higher Tax Brackets
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Complete Colorado, Approved, Commentary, State

Inflationary Bracket Creep With Initiative 195 Could Push More Coloradans Into Higher Tax Brackets

By Nash Herman | Commentary, Complete Colorado Initiative 195, the proposed ‘progressive’ income tax ballot measure, promises long-term pain for Colorado taxpayers due to what economists call “bracket creep.”  But we do not need to speculate about the impact of bracket creep, as we can already see its effect in action since voters passed Proposition FF in 2022.  Proposition FF Through Proposition FF, voters decided to increase taxes on high-income Colorado earners to support a universal school lunch program.  The measure capped state deductions for tax filers with a federal adjusted gross income exceeding $300,000 and directed new revenue to the Healthy School Meals for All (HSMA) program.   READ THE FUL...
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November ballot tax hike seeks to cover collapsing ‘free’ lunch program and SNAP
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Complete Colorado, Approved, State

November ballot tax hike seeks to cover collapsing ‘free’ lunch program and SNAP

By Savana Kascak | Complete Colorado DENVER–Colorado voters are set to decide further hiking taxes on high-income earners to prop up the state’s dwindling “free” school lunch program as part of the November statewide ballot.  But under a recently amended version of the measure, any excess revenues would be used to also subsidize the Supplemental Nutrition Assistance Program (SNAP), more commonly known as food stamps. Colorado’s Healthy School Meals for All program began shortly after the COVID-19 pandemic, when the legislature fully funded “free” school meals for every kid in the public school system for the 2020-2021 and 2021-2022 school years. With funding set to end after the 2022, lawmakers asked Coloradans to approve Proposition FF, which raised taxes on Coloradan...
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