Comparing Colorado (Talking Tax)
Channel: ThinkTech Hawaii
Date: 2024-03-26

Ideas from Colorado's State of the State.  The hosts for this show are Mark Coleman and Tom Yamachika.  The guest is Rhonda Sparlin.  

In Colorado, Governor Jared Polis (D) recently delivered his State of the State address. It was unusual in that he is a Democrat Governor urging lawmakers to cut taxes.

Colorado has a Taxpayer Bill of Rights, or TABOR for short, in its state constitution. TABOR prevents lawmakers from increasing taxes beyond an objectively determined cost of living amount without a vote of the electorate. Some lawmakers were challenging TABOR as unconstitutional, but the litigation has gone on for several years and TABOR is still alive and well.

Gov. Polis said, 'As demonstrated by our healthy [TABOR] surplus in Colorado, taxes are simply too high: income taxes, property taxes, and the state sales tax. We ignore that signal at our own peril and I challenge Democrats and Republicans to work together to improve our economic growth and success.'

How is that playing out in Colorado, and can that work in Hawai'i?

The ThinkTech YouTube Playlist for this show is https://www.youtube.com/playlist?list=PLQpkwcNJny6lmEllOKP493URXssFT4N7G

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