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The Colorado Chamber of Commerce said five legislative sessions and an interim task force attempting to take on the issue show that it’s a complicated one. It’s important to balance the interests of businesses and employees, Loren Furman, senior vice president of state and federal relations, said in the statement.

“These ballot initiatives, however, reflect the same stale approach that has failed with the legislature time and time again,” she said. “A payroll tax on every worker and business in the state will hurt the very people this policy is intended to help – especially small businesses and Coloradans living paycheck-to-paycheck.”