The group behind Amendment 87, which would create a graduated income tax in Colorado, claims the ballot measure has gotten enough votes to pass. They announced the presumed victory during a news conference at La Raza Park, north of downtown Denver, on Thursday afternoon.
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The Colorado Chamber, which opposed the proposal and invested financial, legal and messaging resources against it, released a statement Friday morning in response to the assumed passage of the bill.
“We are incredibly disappointed that Amendment 87 has passed. Small business owners work their entire lives to achieve the American dream, but this measure will penalize them for achieving that dream,” the statement from CEO Loren Furman read, in part. “These tax increases will force businesses to make difficult decisions about wages, hiring and future investments. The passage of Amendment 87 will now make Colorado even less competitive and will drive businesses to reduce their investments or locate elsewhere.”
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