Colorado politicians debate state income tax proposals and caps
What happened
Phil Weiser and Jared Polis oppose Amendment 87, a proposal to establish a graduated income tax in Colorado. Michael Fields is promoting a competing measure, Proposition 136, which aims to cap the state’s income tax at 4.4%. Weiser stated that while he supports a progressive income tax, he cannot support Amendment 87 because a competing ballot measure could cause the state to lose hundreds of millions of dollars.
From gazette.com
Why it matters
The debate directly impacts Colorado's state revenue structure. If Proposition 136 becomes the controlling law, the state income tax rate would be capped at 4.4%, while lower bracket tax cuts from Amendment 87 would simultaneously take effect.
From gazette.com
Who's involved
- Phil WeiserOpposes the graduated income tax proposal (Amendment 87) and is running for governor
- Jared PolisOpposes the graduated income tax proposal (Amendment 87)
- Victor MarxIs competing against Phil Weiser for the state governorship
- ColoradoThe state where the tax proposals are being debated
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Colorado State UniversitySpeculative
Colorado State University might see changes in funding access due to shifts in state tax revenue
- Colorado Department of Labor and EmploymentSpeculative
Colorado Department of Labor and Employment could face changes in operational funding based on state tax revenue
Colorado Department of Public Health and Environment could face changes in operational funding based on state tax revenue
- Colorado Department of Public SafetySpeculative
Colorado Department of Public Safety could face changes in operational funding based on state tax revenue
- Colorado Department of TransportationSpeculative
Colorado Department of Transportation could see changes in operational funding due to state revenue shifts
- Colorado Department of EducationSpeculative
Colorado Department of Education might experience changes in operational funding based on state tax revenue
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Colorado tax debate may alter Department of Labor and Employment fundingThe Department of Labor and Employment's funding could change based on the outcome of Colorado's tax debate.Possible
- CDOT funding may shift based on Colorado's tax ballot outcomeCDOT's operational funding could face uncertainty based on the outcome of Colorado's tax debatePossible
- Tax debate could reduce funding for Colorado State UniversityA potential $600 million budget hole from tax proposals could strain Colorado State University's funding.Possible
- Tax proposals may increase funding for Colorado Department of EducationNew tax proposals could provide a significant boost to the Department of Education's fundingPossible
Keep exploring
The entities involved
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Colorado
state of the United States of America
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Phil Weiser
politician
Nothing else this week.
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Jared Polis
American politician