Rocky Mountain Voice

Menu

Tag: Protect Colorado’s Future

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
Initiative 195 would raise taxes on Colorado’s top earners. A new report asks whether they’d stay.
No Comments
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...
Read More
Title Board Clears Path For Ballot Measures To End Colorado’s Flat Income Tax
No Comments
Colorado Politics, Approved, State

Title Board Clears Path For Ballot Measures To End Colorado’s Flat Income Tax

By Marianne Goodland | Colorado Politics Proponents hoping to change Colorado’s income tax structure from a flat rate to graduated tiers — thereby raising taxes for some brackets — walked away from a Wednesday meeting with eight ballot measures approved by the title board. The coalition backing the graduated income tax change now must pick which one to move onto the petition process. It’s a big change from the group’s last visit in October, when the three-member Initiative Title Setting Review Board rejected two proposed measures for violating a rule that ballot measures may only contain a single subject. In December, the title board turned down a third proposal for the same reason. The title board is made up of representatives from the Attorney Genera...
Read More