Among the many ballot measures Colorado voters are currently contemplating is Proposition GG, a tax transparency ballot measure that would require all future proposed tax changes to include a simple table showing the impact on voters’ personal finances. This would allow voters to see the difference that, say, a small cut to the income tax (like the one proposed this year by Proposition 121), would make to their bottom line, which could be only a few dollars for most people making five-figure incomes, whereas the richest Coloradans would receive tens of thousands more.
Last week’s ProPublica report on how the ultra-wealthy avoid paying income taxes revealed Governor Jared Polis’ investment strategies mean he has paid minimal taxes compared to average working families. In response to the reporting, Polis stated his commitment to enacting tax reforms to make better, fairer tax rules for Colorado families. I applaud this response and urge him to take this excellent opportunity to assume a leadership role in improving Colorado’s tax system so that it’s both transparent and equitable.
Companies doing business in Colorado have long been able to avoid paying what they owe to the state through an accounting trick only practical for large corporations: stash their money overseas. After years of being stymied by Republicans who used to control the state Senate, Colorado Democrats finally closed, or at least tightened this classic corporate loophole.
Following our report that the “Vote No On CC” campaign was using the new Colorado state logo without permission, attorneys for the state issued a cease and desist letter. The logo has since been removed.
Just to clear up any confusion, the State of Colorado does not endorse the “Vote No on CC” campaign. In fact Governor Polis, who endorses the “CC Yes! For Colorado” campaign, spoke at its kick-off event this morning.
Echoing Trump, Gardner says passage of tax bill will be a “great Christmas celebration across the country”
Sounding much like Trump, who last week called the Republican tax bill “one of the great Christmas gifts to middle-income people,” U.S. Sen. Cory Gardner (R-CO) told conservative radio listeners Friday:
I was really looking forward to U.S. Sen. Cory Gardner’s (R-CO) appearance yesterday on Colorado Public Radio, especially after reading the outpouring of questions submitted in response to CPR journalist Ryan Warner’s request for queries for Gardner on the tax bill.
The Republican tax bill is being stuffed with provisions that go way beyond taxes, including language that for the first time recognizes fertilized eggs (zygotes) in federal law.
Hundreds showed up to a rally in front of U.S. Sen. Cory Gardner’s (R-CO) office Tuesday to oppose the GOP tax plan, which was widely criticized for primarily benefitting the wealthiest Americans and corporations.