Instead of having to fight Democrats every year for the privilege of keeping more of the money we earn when we get our TABOR refunds, why don’t state lawmakers just cut our tax rate and eliminate the middlemen?
It’s just crazy enough to work, writes The Gazette in an editorial calling on the legislature to cut Colorado’s surplus revenue.
The state is so flush with working people paying taxes, that economists are forecasting a tax surplus of $1.7 billion (with a B) next year.
At the very least, Coloradans should see an income tax rate decrease down to 3.81%, reports the Independence Institute.
From the editorial:
It would spare politicians the trouble of mounting more futile campaigns begging for extra cash that the public isn’t going to let them keep, anyway. It also would ensure the state doesn’t play favorites when it inevitably has to give back the money; no special-interest tax breaks pushing a political agenda. Just a fair, across-the-board tax cut.
When the legislature convenes in January, all they have to do is refer the tax cut to the ballot for voters’ consideration.
Gov. Polis is sure to approve, given how he claims to be in favor of eliminating the state’s income tax completely, and wants so badly to run for president.
Try it lawmakers. It’s just crazy enough to work.