Colo. lawmakers consider abolishing all tax breaks
DENVER – House Democratic Leader Paul Weissmann says lawmakers didn’t go far enough when they voted this year to abolish nearly a dozen tax breaks on candy, soda, online sales and other items to balance the state budget.
Weissmann wants lawmakers to consider abolishing more than 100 remaining tax breaks on everything from food to plastics, but he wants to study the impact first. The change could add $1.5 billion a year to the state.
Republicans say they aren’t opposed to a study, but they said any changes in Colorado tax law should go to the voters.
Republicans said abolishing a tax break for online sales this year has already cost jobs, and they want to know what impact other changes might have on taxpayers and businesses before any more tax breaks are eliminated.