Gov. Polis is already signing some of the 100 bills passed by the Democrat dominated state legislature this session that would consuming nearly half of Coloradans expected $6 billion TABOR refund.
Those bills include the so-called “Earned Income Tax Credit” that’s a remake of the welfare payments done away with in the 1990s to end the regressive welfare state that was then, and again now growing out of control in the U.S.
Basically, parents get paid lump sums from the government per child, the more children they have, the more money of ours they get.
PeakNation™ will recognize this is as wealth redistribution, except the money is taken from middle-income earners many of whom are also trying to pay for their own children, and gives up to $4,500 a year to low-income filers.
The Common Sense Institute lists the 101 bills passed, which also includes funding for the Chicano Special License Plate sponsored by socialist state Rep. Tim Hernandez.
From the report:
For the first time in history, the state’s legislative majority has seen fit to circumvent the standard refund mechanisms through a long list of proposed tax rate reductions, tax credits, and redistribution efforts.
Ed Sealover at the Sum and Substance also writes about this new tactic by the state to claim taxpayers’ TABOR refunds for pet projects.
“Tax credits come from TABOR. What they do is take money that belongs to the people through TABOR,” said Rep. Scott Bottoms, R-Colorado Springs, when arguing last month against a tax credit to help employers offer apprenticeships, which Polis signed into law. “Let the people keep the money that comes from TABOR … Don’t take the money first and then try to piecemeal it back.”
The Colorado Legislature is redistributing your TABOR surplus as they see fit instead of rightfully returning the surplus to you.#ReplaceThemAllForNotFollowingVotersWishes#TABOR#ItsYourMoneyNotTheirs#DontBeFooled#KillHD24-1311#HandsOffTABORhttps://t.co/YM3Gkmy7Ip
— Colorado’s TABOR Committee & TABOR Foundation (@colorado_tabor) May 29, 2024
So this is the plan to eliminate TABOR, 100 special interest pet projects at a time.