State of Colorado Archives: on Tax Reform
Simplicity & neutrality: lower capital gains & dividends tax
Our tax code is cumbersome, bureaucratic and a deterrent to a robust economy. A legitimate tax reform policy must recognize that the purpose of a tax system in a free society should be to fund services that are authorized by the Constitution.
Taxes should not be used to redistribute wealth and fund unnecessary or ineffective programs. Comprehensive tax reform is critical to restoring our economic growth, job creation and international competitiveness.
Unfortunately, our current tax system
is overly complex, filled with policies that pick winners over losers and creates a disincentive for personal savings and investments. Our tax system must be transformed around two basic elements: simplicity and neutrality. We need to focus on adopting
a fair or flat tax policy that positively impacts job creation and promotes innovation without penalizing personal savings and investments. Consideration must also be given to eliminating the double taxation around dividends and capital gains.
Source: 2016 Colorado Senate campaign website ElectDarrylGlenn.com
Apr 14, 2016
Reform our tax code so it is simple and fair
Jon will fight to give job creators every opportunity to succeed in our new bottom-up economic system.
That starts with cutting regulations and reforming our tax code so it is simple and fair. Colorado families will prosper when we unleash the power of innovators and job creators.
Source: 2016 Colorado Senate campaign website JonKeyser.com
Feb 3, 2016
Hard work should be rewarded, not taxed and regulated
Source: 2016 Senate campaign website, NevilleForColorado.com
Oct 9, 2015
- I believe that hard work, sacrifice, and dedication should be rewarded, not taxed and regulated to death by the government.
I believe that if businesses and families have to cut spending when they have less money, so should state government.
- I believe governments do not create jobs. People do!
$5 trillion of tax cuts to the wealthy is not the answer
Q: Governor Hickenlooper--what tips the scales in your state and in this election?
A: When you look at the mess that President Obama inherited--losing 800,000 jobs a month--in the first few months of his presidency, he's turned that around.
He's got 32 straight months of job creation, 5.2 million jobs, the national export initiative in the first two years, exports were up 38%. I think people are going to hear that and I think they are also going to recognize that
Governor Romney's plan of adding $2 trillion to military spending and at the same time promising $5 trillion of tax cuts largely skewed to the wealthier parts of the population without any specifics, right? I mean, what are those deductions and tax
credits he's going to get rid of? Are we going to lose the home mortgage deduction? Are we going to lose the deduction from giving to philanthropic organizations like churches that are in many cases our best partners at fighting poverty?
Source: Meet the Press interview on 2014 Colorado governor race
Oct 28, 2012
Extend Bush tax cuts & cut spending to pay for it
Q: Do you agree with Republican leaders who say that tax cuts do not have to be paid for?
BUCK: No, I don't. I think we've got to find spending cuts. And I don't know what you're talking about in terms of tax cuts.
Q: Extending the Bush-era tax cuts
for the highest earners. The president says it would cost an extra $700 billion. If you want to cut that deficit, do you then have to pay for the tax cuts you want to extend?
BUCK: Well, first, where are the families going to pay for the money that
they've got to send the federal government? That's the bigger question to me.
Q: You either believe in the balanced budget or you do not. If you extend tax cuts, you said just a moment ago they have to be paid for. Then how do you pay for it?
We pay for it by cutting spending. When we leave money in the hands of taxpayers, they buy things; they pay taxes. It's not a one for one exchange. Every economist I've talked to has told me that it would be bad in a recession to try to increase taxes.
Source: NBC's Meet the Press: 2010 Colorado Senate debate
Oct 17, 2010
Cut taxes $12B on small businesses
When asked, "What would you do in Congress to create jobs and turn the economy around," both men said the key would be small businesses. Buck said, "As a leader in Washington DC,
I would do everything that I can to make sure that our small business people have a lower tax burden. That those small business people know that we aren't going to pass cap and trade, and cause their energy bills to go up.
That we aren't going to let regulators legislate in administrative settings rather than to have the United State Congress legislating. That we are going to give our small businesses the kind of stability that they need." To which
Bennet fired back by saying, "Two weeks ago, I voted to cut taxes on small businesses in this country by $12 billion. And that bill was opposed by my opponent in this race."
Source: KKTV coverage of 2010 Colorado Senate debate
Oct 7, 2010
Open to compromise on temporarily extending Bush tax cuts
Both men emphasized their willingness to break from party orthodoxy. Bennet said that he'd be "open" to a compromise on "temporarily" extending the
Bush tax cuts for wealthy Americans. Buck told the audience, "I will not swear allegiance to the Republican party in Washington, DC."
Source: ABC News coverage of 2010 Colorado Senate debate
Sep 12, 2010
Endless spending in Congress means higher taxes
I am proud to be the first Colorado candidate for Senate to sign the Americans for Tax Reform's Taxpayer Protection Pledge. As your Senator I will not vote for tax increases.
We are not under-taxed. The federal government is overspending.
And as the endless string of spending in Congress continues, so will the call for higher taxes. As the push for higher taxes emerges, I will push to downsize government, not raise taxes. I'll stay true to the Taxpayer Protection Pledge I have signed.
Source: 2010 Senate campaign website, buckforcolorado.com, "Issues"
Aug 10, 2010
Target tax cuts to struggling middle class families
We must engage in a fiscally smart tax policy. We should target tax cuts to those middle class families and small businesses that are struggling the most under the weight of this recession. At the same time, we must close tax
loopholes that serve no purpose and simply allow some institutions to avoid paying their fair share.
None of this will be easy. These problems weren't created overnight, and they won't be solved overnight.
Source: 2010 Senate campaign website, bennetforcolorado.com "Issues"
Jul 2, 2009
Cutting taxes increased revenue & unleashed economic growth
Q: It has been your party, in all fairness, that has been in charge for the most part of the last eight years, and it has run up record deficits of now $500 billion.
SCHAFFER: You’re correct that under Republican leadership, deficits grew, and I think
it has mainly been a function of war. However, I was in Congress for six years. I got elected 1996; I left in 2002. During those years, we did balance the budget. We did it by trimming the rate of growth in spending, but more than anything else, the tax
cuts that we helped pushed forward, which applied to middle class households. Mark Udall likes to talk about it as tax cuts for the rich--but we actually grew the economy faster than had been projected--we actually increased the amount of revenue coming
to the federal government while we were slowing down the rate of growth in spending and reforming on the regulatory side. Welfare reform, for example, & other reforms, helped unleash the productivity of the economy. We need to do that again.
Source: 2008 Colorado Senate Debate on Meet the Press
Sep 28, 2008
Enact responsible tax cuts for low- and middle-class
I support responsible, common-sense tax cuts for low- and middle-income workers and their families and small businesses. We should make permanent the elimination of the marriage tax penalty; make permanent the expanded bottom 10% tax bracket; continue
the child care tax credit for the middle class; make sure the alternative minimum tax does not reach middle-income taxpayers; and raise the estate tax exemption to $10 million to allow family farms, ranches and small businesses to stay in the family.
Source: 2004 Senate campaign website, SalazarForColorado.com
Aug 11, 2004
More tax cuts and ending of loopholes
I will support responsible tax cuts for working families, not just the wealthy. And I will fight to close unfair tax loopholes that allow big corporations to move their headquarters overseas to avoid paying taxes.
Source: Candidate Website, salazarforcolorado.com “issues”
Jun 19, 2004
Has cut income taxes, sales tax, & marriage penalty
Coloradans today are paying nearly a billion dollars less in taxes annually than they were two years ago. We have permanently cut the income tax rate - twice - while also permanently lowering the sales tax rate. These cuts of the income and sales
taxes accounted for 86% of the permanent tax relief taxpayers received from their legislature and their governor.
In addition, we have eliminated the marriage penalty, lowered vehicle registration fees, increased the elderly pension exclusion,
and provided an income tax credit for long-term care insurance - all while we have twice increased the earned income tax credit for low-income Coloradans.
This tax relief was broad-based, fair, and good for all Coloradans.
I worked hard for this tax relief because I firmly believe that this is the people’s money. They earned it. We did not. Coloradans should be given the opportunity to save, invest or spend those dollars, because it is their money - not ours.
Source: 2001 State of the State Address to Colorado legislature
Jan 11, 2001
Supports progressive state income tax
Q: Do you support a flat tax structure for state income taxes?
Q: Should Colorado grant a tax credit to individuals who donate food and to farmers who allow the needy to glean their land?
Q: Indicate options you support regarding Colorado’s excess tax revenues.
Source: 1998 Colorado State National Political Awareness Test
Nov 1, 1998
- Support broad-based refunds to all Colorado citizens.
- Allow the state to spend part of the excess revenue.
Page last updated: Feb 28, 2017