

Nash Herman
149 posts









🧵Some more fun details from this proposal. LCS is projecting that SB26-135 would cost Colorado taxpayers $817 million in money that would otherwise be refunded to them in just its first year alone. #copolitics However...


Bottom line: If this passes, say goodbye to your TABOR refunds. Not for 10 years, but forever. No more temporary income tax rate cuts or lump sum checks. In exchange, the legislature gets a permanent infusion of tax $ to band-aid over its recent profligacy, one that perversely gets bigger in years when the private sector performs better. #copolitics

Bottom line: If this passes, say goodbye to your TABOR refunds. Not for 10 years, but forever. No more temporary income tax rate cuts or lump sum checks. In exchange, the legislature gets a permanent infusion of tax $ to band-aid over its recent profligacy, one that perversely gets bigger in years when the private sector performs better. #copolitics


Always helpful to see who's on board with a multi-billion dollar tax hike/tax refund clawback after spending so much time talking about "affordability." #copolitics











Always helpful to see who's on board with a multi-billion dollar tax hike/tax refund clawback after spending so much time talking about "affordability." #copolitics

