Colorado voters gave Democrats a decisive victory in this year’s election, yet they also passed Independence Institute’s income tax cut by approving Proposition 121. While they elect left-of-center candidates, they continue to expect low taxes and fiscal restraint by their government.
As recently as 2018, Republicans controlled the Colorado Senate and served as a roadblock to progressives’ tax-and-spend agenda. After Democrats won unified control over state government in 2019, they increased state taxes and fees by billions of dollars and worked to undermine taxpayer protections under the Taxpayer’s Bill of Rights (TABOR) at every opportunity.
After three years of these policies, consumer prices began rising faster in Colorado than in any other state, thanks in large part to costs imposed by state lawmakers. Against this backdrop, Colorado Democrats had the political savvy to distance themselves from their own destructive fiscal and economic policies going into the 2022 election cycle.
See the full article by Ben Murrey, December 1, 2022