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Group withdraws Colorado initiative from ballot consideration
DENVER, Colorado: During February 2011, the Colorado Fiscal Policy Institute filed a ballot measure - six different times - that would have implemented a graduated corporate and individual income tax. Four of the six proposals would have raised the corporate income tax to 7 percent. Two of the six would have required that corporations pay a minimum of $1,000 annually in state income tax. Three would have made the state's Earned Income Tax Credit permanent. All six proposed measures were pulled by supporters because the group ran into opposition from chambers of commerce and believed that millions of dollars would have been raised to defeat any measure placed on the ballot.
The Institute filed the six similar initiatives, deciding to move forward from their original filing that was thrown out on technicality. According to the group's director, at the time of the filing, Carol Hedges, "We feel pretty strongly that we have some pretty serious problems that we’re facing. We are interested in beginning the process of bringing something to the ballot in 2011." The reason for the six different filings, according to reports, was so the group would have had initiatives ready for circulation if some were thrown out by lawsuits or other reasons.
- Colorado 2011 ballot measures
- Colorado State Tax Initiative (2011)
- Laws governing the initiative process in Colorado