Despite this defeat, we will continue to work with FTC partners and supporters to find solutions that don’t put the heaviest burden on low- and middle-income Coloradans. As legislators prepare for the 2021 session, we urge them to keep tax fairness top of mind. We know we will.
Despite our frustration over Prop 116’s passage, we get it. We understand why a measure like this sounds enticing. Who doesn’t want a tax cut? But that’s not the question we need to answer. Instead, the question we must be asking is if it’s the top 5% who deserve that tax break.
How much remains to be seen, but we know our elected leaders will face tough choices deciding how the state pays for Prop 116’s giveaway to the wealthy.
This upside-down system that requires Coloradans with the least to pay the most has gone on for too long.
Election day is here. Vote & get ready for what comes next.
Cutting taxes is easy. Figuring out how to fund our collective priorities is far harder. And the rules that shape our choices matter!
#copolitics#coleg#cogov@FairTaxColorado
https://t.co/IzHqxd7jKu
Colorado Proposition 116 will decrease the state-wide flat tax rate from 4.63% to 4.55%. Their flat tax system is already highly regressive and takes away more from those who have less.
Doubling down on unequal taxes is not the solution.
Vote "NO" on #Prop116. Here's why 👇👇
Vote NO on Prop 116 to vote against unfair tax laws that benefit the ultra-wealthy. We are voting to make a future for us that works for us, not the ultra-wealthy.
#NoOn116
Learn more - @FairTaxColorado
At a time when the wealthy are doing just fine, while everyone else is struggling to keep a job or working low wages in essential work, we cannot give even more to those who already have enough. Vote "NO" to unfair tax laws. Vote "NO" on Props 116 & 117. @FairTaxColorado
In the Trump Tax Cuts, Americans saw with clearly how promises of broad tax relief were simply an invisibility cloak for a massive tax cut for the wealthy.
Reminds me of a certain deceptive measure on the Colorado ballot this year.
Vote No on Prop 116.
@FairTaxColorado
If you vote yes to Prop 116, be prepared to let us know what you'd like to cut from the budget. We have a constitutional obligation to balance the budget, so what would you like to cut? Transportation? Higher Ed? K-12? Mental Health?
VOTE #NoOn116
https://t.co/6j6OMvXPhT
.@GovofCO says Prop 117 "doesn’t solve any of our problems. It just makes them worse." We agree. We also wonder if @jaredpolis can share how sending $800+ checks to millionaires solves problems & cutting full-day K makes anything better? Asking for thousands of friends. #coleg
Vote No on Prop 116 to vote against unfair tax laws that benefit the ultra-wealthy.
In times of crisis, we need everyone to pitch in. For the wealthy and big businesses, that means paying their fair share so we care for those who are hardest hit. #NoOn116@FairTaxColorado
Without Amendment B, vital services will continue to face budget shortfalls and more Colorado children will face hunger.
Proposition 116 will hurt Coloradans by reducing access to food, education, childcare and affordable housing.
Our full statement:
https://t.co/jwFTrzrKKc
Fact: Trump's "tax cuts" were nothing more than a $1.9 trillion give away to billionaires and corporations, leaving working Americans to foot the bill.
We, the wealthy, don't need tax cuts. Raise our taxes—we can handle it.
#Debates2020