GRAND JUNCTION, CO – Advocates for Ballot Initiative #271, which calls for a repeal of the provision in the Colorado Constitution mandating a flat tax, will be at Lincoln Park to collect signatures this afternoon between 4:30 to 6:00 pm. The deadline to submit signatures to the Fair Tax Colorado campaign is July 25, 2020.
The initiative would lower taxes on all Coloradans earning less than $250,000 and establish a commission consisting of representatives from government, business, and the public to analyze its effects on revenue and the economy. It requires about 125,000 signatures to ensure that it will be included in the November ballot. Once it’s on the ballot, it will require a simple majority (50%) of votes to pass.
Shannon Robinson staffed a petition table at the open house of the future African history museum on North Avenue yesterday. She, along with a handful of other volunteers, were on hand to gather as many signatures at the event as possible.
“Right now almost everybody across the board is taxed at, I believe it’s 4.38%,” Robinson said. “Marginalized populations bear the brunt of that tax. There’s more black folks in the lower income brackets. There’s more houseless folks, more single moms, and so on and so forth, and so that [Initiative #271] is looking at is creating a way to tax folks, say, in the higher brackets.”
Robinson said that revenue generated from the tax would be split evenly, with 50% going to education and schools and the other 50% towards “health care, including mental health, we’re looking at transportation and other community programs.”
Robinson emphasized that “this has nothing to do with TABOR,” the Colorado Amendment that limits the amount of revenue that the state can retain and spend.
Colorado is one of only 9 states that has a flat tax. According to Fair Tax Colorado, one of the organizations behind the petition, “Changing our tax code to allow for income earned above certain thresholds to be taxed at higher rates will provide a sustainable source of revenue to more adequately and equitably fund the impacts of a growing population and a changing economy.”