The Democratic-led legislature put Proposition CC to remove the state’s spending limits on the November ballot, but it failed. (Kathryn Scott, Special to The Colorado Sun) Teachers, students and supporters picket in front of East High School as Denver Public School teachers enter their first day of strikes regarding teacher pay in Feb. Whether a different approach can win support still remains a question after a series of recent attempts to alter the constitutional amendment approved by voters in 1992 proved unsuccessful at the ballot. The possibility of a repealing TABOR - which sets a state spending cap and requires voter approval of all tax hikes - passed legal muster but generated the most controversy and even drew criticism from top Democrats.
“Folks understand that the wealthy in the state need to be paying their fair share,” Wasserman said in an interview. The advocates picked this measure to advance because it gives most households a tax cut, despite earlier concern that a tax break would limit future revenue. The decision to move forward on this measure - shared first with The Colorado Sun - ends months of speculation about the direction liberal advocacy organizations would take in the 2020 election after testing more than 100 different ways, to revamp TABOR or the state’s tax system.
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The tough decisions made by state lawmakers about how to spend the $30 billion annual budget, he added, are “a purely consequence of our state not having enough money.” After repeated losses, supporters hope for a different outcome in 2020
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“We know middle-income Coloradans are paying a greater share of the tax burden than the wealthy 5%, but our tax code isn’t just unfair, it’s inadequate,” said Scott Wasserman, president of the Bell Policy Center, a leading proponent of the measure. The remainder would be spent at the discretion of state lawmakers. The organizations behind the ballot question, known collectively as Vision 2020 Colorado, expect the new graduated income tax to generate an estimated $2 billion a year in new money with at least half earmarked to increase teacher salaries and retention.
Meet Colorado’s Congressional delegation.Now it's Initiative 271, a $2 billion tax hike targeting the wealthy - The Colorado Sun Close
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