Colorado Governor vs. Income Taxes

Source: Show-Me Institute
by Corianna Baier

“Colorado Governor Jared Polis recently took a (perhaps surprising) stance against income taxes. At the Steamboat Institute’s Freedom Conference, Polis said that Colorado’s state income tax should be zero. Governor Parson (and governors across the country) should take note. Colorado’s governor defended his call for an income tax rate of zero with basic economic theory. When you tax something, you make it more expensive and discourage buying or doing it. With sin taxes such as cigarette taxes, the tax is added to do just that — make the price of cigarettes higher and discourage cigarette smoking. But is that really what we want to do with income taxes?” (09/30/21)