For the Democratic majority in the state legislature, it’s not a close call: when Colorado’s economy is strong enough that the state must refund taxpayers, as is the case now, the refun…
For the Democratic majority in the state legislature, it’s not a close call: when Colorado’s economy is strong enough that the state must refund taxpayers,As Denver Democrat and state Rep. Emily Sirota put it, “A person making hundreds of thousands of dollars, or millionaires, which exist in this state, do not need such a refund. It’s people struggling to pay their rent, to buy food, to pay for gas — those are the folks that need a bigger refund.
Polis has been celebrating the fact that — as his spokesman wrote in a statement sent to the Denver Post — “we are putting money back in the pockets of hardworking Coloradans with a tax refund averaging $95 per taxpayer this year.” But TABOR is indifferent to all that. The existence of its cap is not negotiable, and, if out-year projections hold, Colorado will be refunding almost $4 billion by 2023-24. That’s why Democratic lawmakers see such opportunity now.
“I didn’t vote for , and I won’t,” said Douglas County’s Chris Holbert, leader of the Senate Republicans. “I’d rather have a Republican governor. But it’s interesting when the Democrat governor turns away from where maybe the majority of Democrat legislators would like him to be.”
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