With the Proposition 103 tax increase heavily defeated this November, what comes next for Coloradans for low taxes and limited government? Senior fellow Penn Pfiffner ...
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With the Proposition 103 tax increase heavily defeated this November, what comes next for Coloradans for low taxes and limited government? Senior fellow Penn Pfiffner ...
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On Wednesday March 2nd, the Independence Institute held a panel event at the University Club in Denver to discuss the solutions presented in the Citizens' ...
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This episode of Jon Caldara's TV show the Devils Advocate first appeared on Colorado Public Television - Channel 12 on Friday, December 17th, 2010. It ...
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The report provides an overview of the structure, timing and size of the State budget. We speak to how the problems originated and how things ...
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Thanks to our friends at the Independent Institute out in Oakland, California, regular folks like us can figure out just how much the government is ...
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by Penn Pfiffner and Barry Poulson
This legislative session Colorado HB1250 was introduced to begin addressing an unfunded billion-dollar liability in the Public Employee Retirement Association’s (PERA) retiree health care benefit program. Its own sponsor then killed the bill after it came under a fire storm of hysteria-tinged and false criticisms, fueled by one-sided media coverage.
Colorado [...]
Colorado’s Proposition 103 will raise state taxes $532 million in the first year and about $2.9 billion in the first five years. It proposes to raise the income tax rate on individuals and families, as well as small businesses, and simultaneously to raise the state sales tax rate. Proposition 103 is the only state issue on this fall’s ballot.
Residents of Colorado should know how their tax burden compares with Americans throughout the nation. Colorado ranks 26th nationally, compared to all other states for the combined state and local tax burden, on a per capita basis.
Proposition 103 is an initiative that will increase Colorado tax rates and require the state to spend the money on government schools. Prop 103 increases the personal income tax, the corporate income tax, and the statewide sales and use tax for the years 2012 through 2016.
The Fiscal Impact Statement prepared by Colorado’s Legislative Council Staff estimates the cost of the tax increase at $2.9 billion. However, the cost for Colorado taxpayers will be significantly greater than staff estimates. Legislative Council uses static analysis, measuring only the direct impact of the higher taxes on state revenue. They ignore the negative impact the tax increase will have on economic growth and jobs in Colorado.
