Word on the street is that the majority Democrats at the State Capitol are preparing to ram through a package of bills repealing tax breaks -- not only without a vote of the people as the state constitution's TABOR would require, but also pushed through the process quickly to minimize public scrutiny and apparent outrage. Taken together, House Bills 1189 through 1200 (look them up here) would end up increasing the tax burden on Colorado businesses and families. Currently, the "dirty dozen" business tax hike bills are slated on the House calendar for a hearing on appropriations at 8:30 AM tomorrow (Wednesday). The first question then is whether the Democrats will then quickly rush the bills into the Finance Committee -- where public … [Read more...]

The dirty dozen tax hike bills scheduled to be rammed through Colorado's Senate Finance Committee tomorrow? Legislative analysts released fiscal notes for 11 of the 12 bills this afternoon -- they estimate a total net tax increase of $20.4 million for the rest of the current fiscal year (through June 30, 2010), and a total net tax increase of more than $337 million between now and the end of FY 2011-12. While that wouldn't solve all the legislators' budget problems, passing the package of bills would shift a good share of the hard decision-making from the State Capitol to many a business and household in Colorado. And don't even ask how it might lead to creating stable, private-sector jobs.... … [Read more...]