President Donald Trump’s $400 billion federal tax cut for pass-through businesses has emerged as a top target of Colorado Gov. Jared Polis as he looks to eliminate corporate tax breaks to pay for a statewide income tax cut. The Democratic governor’s goal: A permanent cut to the state income tax rate that would lower the […]
income tax
Posted inBusiness, Politics and Government
Jared Polis cheers a GOP tax cut plan, and his political allies shudder
Hours after Democratic Gov. Jared Polis cheered a Republican effort to cut income taxes by 3 percent, a liberal policy group issued a sharp rebuttal. In a blog post published Thursday night, the Colorado Fiscal Institute characterized the plan as unwelcome “relief” for corporations and the wealthy that would ultimately exacerbate income inequality, while reducing […]