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Jared Polis on Tax Reform

 

 


Get rid of special interest tax breaks for the few

We have worked together to make Colorado's tax code more fair by getting rid of special interest tax breaks that benefit the few to lower taxes for the rest of us. This year I propose we eliminate the business personal property tax for small businesses. I propose we double the Earned Income Tax Credit, and provide up to $600 in tax credits per child for nearly 200,000 families in our state through the Colorado Child Tax Credit. I propose that we stop taxing seniors' Social Security Benefits.
Source: 2021 State of the State Address to the Colorado legislature , Feb 17, 2021

Eliminating special interest breaks lowers everyone's rates

Every Coloradan will receive real tax relief as our state income taxes go down to a historic low of 4.5%. This tax cut applies to all taxpayers, including individuals, corporations, and every small business. In addition, we delivered a tax cut for 144,000 small businesses in Colorado by cutting wasteful subsidies to big box retailers. We should continue down the path of eliminating tax breaks for special interests so that we can lower rates for everyone without reducing state revenue.
Source: 2020 Colorado State of the State address , Jan 9, 2020

Reduces taxes for the hardworking, instead of special breaks

Despite all of our progress, far too many people are either barely getting by, or falling behind. Our administration's mission and mandate from the voters begins with tackling the everyday challenges that Coloradans face because of the rising costs of living:Together, we're going to build an economy where Coloradans from all walks of life don't just get by, but thrive. I want to say: our administration will work tirelessly to make our state work better for you--so that you can earn a good living and share in our special way of life.
Source: 2019 State of the State address to Colorado legislature , Jan 10, 2019

Repeal Trump's tax cuts

Q: Support President Trump's proposed tax cuts?

Jared Polis (D): No. "I proudly wrote the bill to repeal @RealDonaldTrump's tax giveaways [to the wealthy]."

Walker Stapleton (R): Yes. "I was the only treasurer in the country with the courage to support Donald Trump's tax cuts."

Source: 2018 CampusElect.org Issue Guide on Colorado Governor race , Oct 9, 2018

Raising estate tax to 1990s level means $448B in new revenue.

Polis voted NAY Death Tax Repeal Act

Heritage Action Summary: This bill would repeal the estate and generation-skipping transfer taxes, as well as cut the top gift tax rate.

Heritage Foundation recommendation to vote YES: (4/16/2015): Collectively, these measures repeal the pernicious double tax known as the "death tax," and result in a tax cut of $269 billion over 10 years. The death tax hurts economic growth and therefore limits the ability of Americans to prosper. Repealing the death tax would generate an average of 18,000 jobs annually and increase the overall net worth of American households by $300 billion a year. The federal government should encourage, not punish, Americans who work and pay taxes their whole lives, save enough to support themselves through retirement, and retain the ability to fulfill the American Dream by passing along a better life to their children.

Secretary of Labor Robert Reich recommendation to vote YES: (robertreich.org 6/4/2015): At a time of historic economic inequality, it should be a no-brainer to raise a tax on inherited wealth for the very rich. Yet there's a move among some members of Congress to abolish it altogether. Today the estate tax reaches only the richest 2/10 of 1%, and applies only to dollars in excess of $10.86 million for married couples or $5.43 million for individuals. That means if a couple leaves to their heirs $10,860,001, they now pay the estate tax on $1. The current estate tax rate is 40%, so that would be 40 cents. Yet according to these members of Congress, that's still too much. Our democracy's Founding Fathers did not want a privileged aristocracy. Yet that's the direction we're going in. The tax on inherited wealth is one of the major bulwarks against it. That tax should be increased and strengthened.

Legislative outcome: Passed by the House 240-179-12; never came to vote in Senate.

Source: Congressional vote 15-H1105 on Apr 16, 2015

Other governors on Tax Reform: Jared Polis on other issues:
CO Gubernatorial:
Bob Beauprez
Cary Kennedy
Cynthia Coffman
Donna Lynne
Doug Robinson
Ed Perlmutter
George Brauchler
Greg Lopez
John Hickenlooper
Matthew Hess
Michael Bennet
Mike Johnston
Steve Barlock
Tom Tancredo
Victor Mitchell
Walker Stapleton
CO Senatorial:
Alice Madden
Andrew Romanoff
Angela Williams
Cory Gardner
Dan Baer
Darryl Glenn
Ellen Burnes
John Hickenlooper
John Walsh
Jon Keyser
Michael Bennet
Mike Johnston
Peg Littleton
Ryan Frazier
Tim Neville
Gubernatorial Debates 2021:
CA Recall:
S.D.Mayor Kevin_Faulconer(R)
vs.Former Gov. nominee John Cox(R)
vs.Former U.S.Rep Doug Ose(R)
NJ: Incumbent Phil Murphy(D)
vs.State Rep. Jack Ciattarelli(R)
vs.Candidate Hirsh Singh(R)
vs.GOP Hair Doug Steinhardt(R)
VA: Incumbent Ralph Northam(D,term-limited)
vs.A.G. Mark Herring(D)
vs.State Sen. Amanda Chase(R)
vs.Lt. Gov. Justin Fairfax(D)
vs.State Rep. Jennifer Carroll Foy(D)
vs.State Rep. Lee Carter(D)
vs.Former Governor Terry McAuliffe(D)
vs.State Sen. Jennifer McClellan(D)
vs.State Rep. Kirk Cox(R)

Gubernatorial Debates 2022:
AK: Incumbent Mike Dunleavy(R)
(no prospective opponents yet)
AL: Incumbent Kay Ivey(R)
(no prospective opponents yet)
AR: Incumbent Asa Hutchinson(R,term-limited)
vs.Lt. Gov. Tim Griffin(R)
vs.Trump Adviser Sarah Huckabee Sanders(R)
vs.A.G. Leslie Rutledge(R)
AZ: Incumbent Doug Ducey(R,term-limited)
(no prospective opponents yet)
CA: Incumbent Gavin Newsom(D)
vs.S.D.Mayor Kevin_Faulconer(R)
vs.Former Gov. nominee John Cox(R)
CO: Incumbent Jared Polis(D)
vs.Mayor Greg Lopez(R)
CT: Incumbent Ned Lamont(D)
(no prospective opponents yet)
FL: Incumbent Ron DeSantis(R)
vs.U.S.Rep. Val Demings(? D)
vs.Former Gov.Charlie Crist(? D)
GA: Incumbent Brian Kemp(R)
vs.Minority Leader Stacey Abrams(D)
vs.Senate candidate Shane Hazel(L)
HI: Incumbent David Ige(D,term-limited)
vs.State Rep. Andria Tupola(R)
IA: Incumbent Kim Reynolds(R)
vs.U.S.Rep. Cindy Axne(? R)
ID: Incumbent Brad Little(R)
(no prospective opponents yet)
IL: Incumbent J. B. Pritzker(D)
(no prospective opponents yet)
KS: Incumbent Laura Kelly(D)
(no prospective opponents yet)
MA: Incumbent Charlie Baker(R)
vs.Harvard Professor Danielle Allen(D)
vs.State Sen.Ben Downing(D)
MD: Incumbent Larry Hogan(R,term-limited)
vs.State Rep. Robin Ficker(R)
vs.State Rep. Peter Franchot(D)
vs.DNC chair Thomas Perez(D)
vs.RNC chair Michael Steele(? R)
Gubernatorial Debates 2022 (continued):
ME: Incumbent Janet Mills(D)
vs.Former Gov. Paul LePage(R)
MI: Incumbent Gretchen Whitmer(D)
(no prospective opponents yet)
MN: Incumbent Tim Walz(DFL)
vs.Mayor Mike Murphy(R)
NE: Incumbent Pete Ricketts(R,term-limited)
vs.U.S.Senator Bob Krist(R)
NH: Incumbent Chris Sununu(R)
(no prospective opponents yet)
NM: Incumbent Michelle Lujan Grisham(D)
(no prospective opponents yet)
NV: Incumbent Steve Sisolak(D)
vs.A.G.Adam Laxalt(? R)
vs.U.S.Rep. Mark Amodei(? R)
NY: Incumbent Andrew Cuomo(D)
vs.Lt.Gov.Kathy Hochul(D)
OH: Incumbent Mike DeWine(R)
vs.Dayton Mayor Nan Whaley(? D)
OK: Incumbent Kevin Stitt(R)
vs.State Sen. Ervin Yen(R)
OR: Incumbent Kate Brown(D,term-limited)
vs.Gov. nominee Bud Pierce(R)
PA: Incumbent Tom Wolf(D,term-limited)
vs.U.S.Rep. Lou Barletta(? R)
RI: Incumbent Gina Raimondo(D,to Cabinet)
vs.Gov. Dan McKee(D)
vs.Secy.Matt Brown(? D)
vs.Mayor Allan Fung(? R)
SC: Incumbent Henry McMaster(R)
vs.State Rep. James Emerson Smith(? D)
vs.U.S.Rep. Joe Cunningham(? R)
SD: Incumbent Kristi Noem(R)
vs.State Rep. Billie Sutton(? D)
TN: Incumbent Bill Lee(R)
vs.Senate nominee Marquita Bradshaw(? D)
TX: Incumbent Greg Abbott(R)
vs.U.S.Rep. Allen West(? R)
VT: Incumbent Phil Scott(R)
(no prospective opponents yet)
WI: Incumbent Tony Evers(D)
(no prospective opponents yet)
WY: Incumbent Mark Gordon(R)
vs.Minority Leader Chris Rothfuss(D)

Gubernatorial Debates 2023:
KY: Incumbent Andy Beshear(D)
vs.Former Gov. Matt Bevin(? R)
Senator Rand Paul(? R)
LA: Incumbent John Bel Edwards(D,term-limited)
vs.Biden Adviser Cedric Richmond(? D)
vs.Senator John Neely Kennedy(? R)
MS: Incumbent Tate Reeves(R)
(no prospective opponents yet)
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Page last updated: Apr 09, 2021