Point: Ben Murrey
The beauty of Proposition 116 lies in its simplicity: It will decrease taxes for Colorado taxpayers. Period.
That’s why shortly after the measure got approval for the November ballot, Gov. Jared Polis praised the idea of a tax cut, saying, “We’ve long sought an income tax decrease [and] particularly in this challenging time, I think Coloradans certainly need tax relief.”
He’s right, and there are countless reasons why now is the time for a modest 0.08% cut in the state’s income tax rate, though opponents might entice you to think otherwise. The only downside to the measure is that it won’t even come close to offsetting the new taxes Coloradans are paying without having consented.
For starters, the 2017 Trump cut to federal taxes caused state taxes to increase, which Colorado voters did not approve. This happened because changes to federal tax law in 2017 affected the