Today, the title board, which is just an initial step for ballot initiatives, will weigh in on a proposal submitted by the Fiscal Policy Institute to repeal TABOR.
In case you’ve been living under a rock or are immune to whining by Democrats, TABOR is the Taxpayers Bill of Rights, and it’s the one thing standing in the way of Democrats turning Colorado into California. TABOR requires that politicians (or anyone, really) get a vote of the people before raising taxes. Seems like a great idea, right? Democrats hate it because it keeps their hands out of our wallets. On the other hand, voters love it because it keeps Democrats’ hands out of our wallets.
The proposal for today is relatively simple. It simply repeals the constitutional amendment. Some have dubbed this a nuclear option.
This isn’t the first time the Fiscal Policy Institute has proposed something insane. FPI was behind other tax hikes, including Proposition 103, which would have been a five-year, $3 billion tax increase. FPI leader Carol Hedges response when the initiative failed? We should have asked for more. Crazy town.
We can’t imagine voters, who absolutely don’t trust politicians, will cede their decision-making authority about taxes hikes to a bunch of politicians. Don’t worry, PeakNation, this is just the most extreme of attempts to repeal TABOR. TABOR will be under attack all session long at the state legislature. We’ll keep you posted.