Democratic state lawmakers are preparing to roll out a package of bills that would end a suite of tax breaks for businesses and direct that money to a new child tax credit for lower-income families.
…
The Colorado Chamber of Commerce has not yet taken a position on the bills, but President and CEO Loren Furman said in a statement Tuesday that the organization has “deep concerns about this tax package as whole on behalf of the business community.”
“Together, these proposals shift the burden of Colorado’s budget shortfall on the backs of employers of all sizes via procedural changes to the tax code, reviving several problematic concepts from bills that we’ve repeatedly fought, negotiated or killed in prior years,” Furman said. “At the end of the day, these bills will increase taxes on businesses at a time when Colorado’s competitiveness rankings continue to decline, further driving companies and families out of the state due to sky-high costs.”
Read more here.