Proposition 136 (Statutory)

Colorado voters already have the final say on tax increases under TABOR. Prop 136 would not lower anyone’s taxes today; instead, it would impose an arbitrary 4.4% ceiling on both individual and corporate income-tax rates, limiting Colorado’s future options. It could also prevent voters from adopting Amendment 87, a progressive tax system that lowers rates for 97% Coloradans while taxing very high incomes at a higher marginal rate, and would also restrict our ability to ask profitable corporations to contribute more when circumstances warrant it. Future voters deserve the flexibility to make tax decisions based on future economic conditions—not have those choices constrained by the tax rate that happens to exist today.