Tag: Progressive Tax
-
EDITORIAL: A troubling tax hike is back on track
Even after three strikes, advocates for a “progressive” income tax aren’t out. Their proposal to replace Colorado’s 4.4% flat income-tax rate with an array of tax brackets is once again moving ahead toward next November’s ballot after state officials gave it a green light last week. The initiative had been derailed temporarily several times by…
-
EDITORIAL: Another reprieve for Colorado taxpayers
The fast-moving effort to place a $4.1 billion-a-year income-tax hike on next year’s statewide ballot has been stopped in its tracks by the same state body that originally let it move forward. Proponents want voters to replace the state’s 4.4% universal income-tax rate with a graduated tax they call “progressive.” Their proposal would impose an…
-
EDITORIAL: Any Coloradans for a multibillion-dollar tax hike?
The third time was the charm last week for efforts to place a $4.1 billion-a-year income-tax hike on next year’s statewide ballot — though all it meant was that its backers got the go-ahead from the state to begin gathering voters’ signatures. Two previous and nearly identical proposals for higher taxes and bigger government had…
-
EDITORIAL: Tax hike detoured — for now
Hard-pressed Colorado taxpayers can breathe a bit easier following the derailment last week of an income tax hike proposed for next year’s statewide ballot. The state’s Title Board — the official gatekeeper for ballot proposals — rejected an attempt to ask voters to replace the state’s 4.4% income tax on all Coloradans with a graduated,…