Rocky Mountain Voice

Tag: TABOR

A mass of contradictions: One writer’s read on Phil Weiser’s plan for Colorado
Complete Colorado, Approved, Commentary, State

A mass of contradictions: One writer’s read on Phil Weiser’s plan for Colorado

By Ari Armstrong | Commentary, Complete Colorado “Democrats lay out plan to win supermajority in Colorado Legislature,” reads a recent headline from the left-leaning Colorado Newsline. So how might Governor Phil Weiser interact with the legislature, whether or not Democrats reach their goals for legislative seats? For that we can turn to his 109-page “blueprint” Unsurprisingly, Weiser wants to be all things to all people. He talks about freedom, prosperity, and a business-friendly environment out of one side of his mouth while promoting tax and spending hikes and tighter regulations out of the other. Housing affordability Unaffordable housing exacerbates various other problems, starting, of course, with homelessness. It makes child care less available and mor...
A blueprint of contradictions: Weiser courts business while expanding union power
Complete Colorado, Approved, Commentary, State

A blueprint of contradictions: Weiser courts business while expanding union power

By Ari Armstrong | Commentary, Complete Colorado “Democrats lay out plan to win supermajority in Colorado Legislature,” reads a recent headline from the left-leaning Colorado Newsline. So how might Governor Phil Weiser interact with the legislature, whether or not Democrats reach their goals for legislative seats? For that we can turn to his 109-page “blueprint.” Unsurprisingly, Weiser wants to be all things to all people. He talks about freedom, prosperity, and a business-friendly environment out of one side of his mouth while promoting tax and spending hikes and tighter regulations out of the other. Housing affordability Unaffordable housing exacerbates various other problems, starting, of course, with homelessness. It makes child care less available and more expensive, b...
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...
Two measures. Two opposite answers. One Colorado income tax rate.
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...
Colorado’s new insurance fee enterprise can lower or stop collecting to stay under Proposition 117
Rocky Mountain Voice, State, Top Stories

Colorado’s new insurance fee enterprise can lower or stop collecting to stay under Proposition 117

By Jen Schumann | Rocky Mountain Voice The signed law says the enterprise will collect less than $100 million in five years. The Legislature's fiscal note puts the figure at $99.6 million. New Colorado enterprises that want to collect more than $100 million in their first five fiscal years have to ask voters first. That's what voters approved in 2020 with Proposition 117. One created this year is projected to collect $99.6 million. The fee that funds it gets cut by more than half after the first year. Premiums grow every year in the state's own projection. The rate drops anyway. Gov. Jared Polis signed SB26-155 into law on June 4. The measure creates the Strengthen Colorado Homes Enterprise within the Division of Insurance and takes effect Aug. 12. Sens. Kyle Mullica...
If more education spending works, why not require proof?
Colorado Accountability Project, Approved, Commentary, State

If more education spending works, why not require proof?

By Cory Gaines | Commentary, Colorado Accountability Project This coming November voters will be deciding on Proposition NN and possibly Initiative 195, the former being a referred measure by our state legislature and the latter a ballot initiative which as of this writing was out for signatures with no definitive answer on whether it will be on the ballot yet. Both measures are of the type I like to label with “won’t someone think of the children?!” That is, both of them are geared emotionally to tap into the completely natural desire to help children. The thing is, there are some problems with the reasoning in both. To demonstrate, I will lean heavily on the well-written op ed about education funding from one of the interns at the Independence Institute (as well a...
Colorado Health Care Costs Keep Climbing Despite Growing State Subsidies
Complete Colorado, Approved, Commentary, State

Colorado Health Care Costs Keep Climbing Despite Growing State Subsidies

By: Nash Herman | Commentary, Complete Colorado In economics, it is well understood that the larger a business becomes, the more cheaply it can produce goods or services due to lower relative fixed costs, more technical know-how, and increased specialization.  Why then is Colorado’s largest industry in terms of employment–health care–only becoming more expensive?  Subsidies inflate costs Let’s back up. In 1990, Colorado’s largest industry by employment was retail, which also dominated most of the rest of the country’s employment as well, along with manufacturing.  Along the way retail and manufactured goods became cheaper for consumers, as expected, relative to inflation.  READ THE FULL ARTICLE AT COMPLETE COLORADO ...
Colorado Taxpayers Face Billion-Dollar TABOR Refund Money Grab Under Proposition NN
Colorado Politics, Approved, State

Colorado Taxpayers Face Billion-Dollar TABOR Refund Money Grab Under Proposition NN

By: Marissa Ventrelli | Colorado Politics A coalition that includes the state teachers’ union on Tuesday launched a campaign for a ballot proposal that would reduce more than $1 billion in taxpayer refunds and spend the money on education. The measure is among several campaigns taking shape this year over state revenue. Broadly speaking, one side has long sought to raise more money, arguing what the state collects is insufficient to pay for services and programs. The other side counters that current revenues are sufficient but used unwisely, and what policymakers need is fiscal discipline. Referred to the ballot by the state legislature via Senate Bill 135, the average Colorado taxpayer would lose about $7,300 in TABOR refunds between the 2026-27 and 2036-37 fisca...
What Would Colorado’s Declaration Of Independence Say Today?
Complete Colorado, Approved, Commentary, State

What Would Colorado’s Declaration Of Independence Say Today?

By: Jon Caldara | Commentary, Complete Colorado Happy 250th Birthday, America! You look fabulous. As all the cool countries are saying, “250 is the new 230.” The Declaration of Independence wasn’t merely an announcement of war against a tyrant. It was the most revolutionary political document ever written. The Declaration was a landmark in human development, perhaps the landmark of all human history. For the first time government was no longer affirmed sovereign. The individual was. That simple idea changed the world. You rule yourself. Your life belongs to you. Your liberty belongs to you. Your happiness is yours to pursue as you define it. Your property belongs to you. Government exists not to rule over you, but to secure your&n...
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...