Editorial | Finally, a TABOR refund that’s good for you
In other words, the person who paid the most taxes will get the same refund as the person who paid the least.However, the proposal has a downside: It is not permanent.
In the next General Assembly, we urge lawmakers to scrap the antiquated TABOR refund mechanism and find a more equitable way to treat Colorado taxpayers. Lawmakers will have had the benefit of seeing how the per-household refunds helped Colorado families and the ability to see how skewed to higher-income Coloradans the income tax rate cut is.
In an ideal world, Colorado lawmakers would be able to reinvest that money in the programs that disproportionately benefit low-income and middle-class Coloradans like public schools, public transportation , public safety, public health and state parks. But TABOR is nothing if not intransigent; at least we can say we have learned to make certain it’s not also inflexible.
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