Liberal groups pitch graduated income tax for Colorado's 2026 ballot

A coalition of liberal groups in Colorado want to ask voters in 2026 whether higher earners in the state should pay more in income taxes to raise billions more in revenue.

The group, dubbed Protect Colorado’s Future, submitted ballot measure language Wednesday for a constitutional amendment that would raise the income tax rate for Coloradans making at least $500,000.

“A graduated income tax is just common sense: 98% of us get a tax cut, and the folks doing really well chip in a fair share to keep our schools strong, our healthcare system solid, and our communities thriving. That’s how we build a Colorado where everyone gets ahead, not just the lucky few,” Kathy White, executive director of the Colorado Fiscal Institute, said in a statement.

Colorado’s income tax is currently at 4.4%. The measure would bump that rate to 4.6% for people making at least $600,000 and increase it as people earn more, to a 9.2% rate for people making at least $10 million per year. People earning less than $250,000 per year would see a slight income tax reduction.




https://coloradonewsline.com/briefs/graduated-income-tax-colorado-ballot/