In a major win for progressive Democrats, Colorado voters this week approved a $2 billion tax hike on the highest earning households and corporations in order to expand social services and prevent further cuts to the state budget.
…
“We are incredibly disappointed that Amendment 87 has passed,” Colorado Chamber of Commerce president and CEO Loren Furman said in a statement Friday. “Small business owners work their entire lives to achieve the American dream, but this measure will penalize them for achieving that dream.
“Many of these employers are already struggling with rising costs to make payroll and support their employees,” she said. “These tax increases will force businesses to make difficult decisions about wages, hiring and future investments.”
Read more here.