Tag: Tax Hike
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EDITORIAL: Another back-door tax hike on Coloradans?
Ruling Democrats at Colorado’s legislature have a reflexive urge to raise taxes. Think of it as a collective case of obsessive-compulsive disorder. Problem is, they can’t act on their urge without voters’ permission — thanks to the Taxpayer’s Bill of Rights in our state constitution. Asking voters to raise taxes is of course risky; they’re…
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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…
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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…