Colorado voters are deciding on rival ballot measures on taxes. As of Wednesday afternoon, supporters of Amendment 87 had a very narrow lead, while opponents of Proposition 136 were inching ahead.
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Prop. 136’s logic was simple: Let voters choose to keep their taxes where they are, rather than risk increases in the future. It would cap the income tax rate at 4.4% of federal taxable income for individuals and corporations.
Groups like the Colorado Chamber of Commerce liked that it would provide a predictable and competitive tax structure for businesses and individuals.
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