"Raising taxes can lead us to prosperity"- No one, ever!
State Senator Mike Johnson (D) seems to think otherwise, and more of that shady liberal tactic that "it's for the children!" The proposal to go to the CO voters this year would raise the state income tax from 4.6% to 5.3% for income under $75,000, and income over that number would garner 5.9% state income tax (source). But why? To fund education. Of course they use these asinine figures like "It'll raise $950 million for public schools," that they really can't prove, because once the increase goes into effect, how will they know how many tax payers will still be willing to be here after the rent goes up? They don't, but they use these numbers to try and drum up support. It's ridiculous. Of course, states like WA, WY, TX, TN and others (9 total) don't have a state income tax, and they're doing just fine. In fact, TX alone has made up a large portion of the national job growth recently.
Of course it's not about spending the money more wisely, it's about getting more money to continue to spend like an idiot with a no-limit credit card! Why do schools need an additional $950M? I went to school over 10 years ago and everything seemed fine with the money being spent. So vote NO! on Initiative 22 this November... it's most certainly not going to help the children if it hurts everyone else. Raising taxes has never bolstered or improved economic growth... that's a fact.
http://www.denverpost.com/breakingne...-increase-fund




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