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Jared Polis on Tax Reform

 

 


Implemented historic tax relief; funded Child Tax Credit

We've implemented historic tax relief. We funded the Colorado Child Tax Credit for the first time, giving families with children under age six up to $1,080 per year per child. We doubled the state Earned Income Tax Credit, giving workers up to $1,495 per year. We cut taxes for retirees by exempting social security from the state income tax, saving seniors up to $654 per year. Voters approved reductions to the Colorado income tax rate, saving families about $100 per year on average.
Source: 2022 State of the State Address to the Colorado legislature , Jan 13, 2022

Get rid of special interest tax breaks for the few

We have worked together to make Colorado's tax code more fair by getting rid of special interest tax breaks that benefit the few to lower taxes for the rest of us. This year I propose we eliminate the business personal property tax for small businesses. I propose we double the Earned Income Tax Credit, and provide up to $600 in tax credits per child for nearly 200,000 families in our state through the Colorado Child Tax Credit. I propose that we stop taxing seniors' Social Security Benefits.
Source: 2021 State of the State Address to the Colorado legislature , Feb 17, 2021

Eliminating special interest breaks lowers everyone's rates

Every Coloradan will receive real tax relief as our state income taxes go down to a historic low of 4.5%. This tax cut applies to all taxpayers, including individuals, corporations, and every small business. In addition, we delivered a tax cut for 144,000 small businesses in Colorado by cutting wasteful subsidies to big box retailers. We should continue down the path of eliminating tax breaks for special interests so that we can lower rates for everyone without reducing state revenue.
Source: 2020 Colorado State of the State address , Jan 9, 2020

Reduces taxes for the hardworking, instead of special breaks

Despite all of our progress, far too many people are either barely getting by, or falling behind. Our administration's mission and mandate from the voters begins with tackling the everyday challenges that Coloradans face because of the rising costs of living:Together, we're going to build an economy where Coloradans from all walks of life don't just get by, but thrive. I want to say: our administration will work tirelessly to make our state work better for you--so that you can earn a good living and share in our special way of life.
Source: 2019 State of the State address to Colorado legislature , Jan 10, 2019

Repeal Trump's tax cuts

Q: Support President Trump's proposed tax cuts?

Jared Polis (D): No. "I proudly wrote the bill to repeal @RealDonaldTrump's tax giveaways [to the wealthy]."

Walker Stapleton (R): Yes. "I was the only treasurer in the country with the courage to support Donald Trump's tax cuts."

Source: 2018 CampusElect.org Issue Guide on Colorado Governor race , Oct 9, 2018

Raising estate tax to 1990s level means $448B in new revenue.

Polis voted NAY Death Tax Repeal Act

Heritage Action Summary: This bill would repeal the estate and generation-skipping transfer taxes, as well as cut the top gift tax rate.

Heritage Foundation recommendation to vote YES: (4/16/2015): Collectively, these measures repeal the pernicious double tax known as the "death tax," and result in a tax cut of $269 billion over 10 years. The death tax hurts economic growth and therefore limits the ability of Americans to prosper. Repealing the death tax would generate an average of 18,000 jobs annually and increase the overall net worth of American households by $300 billion a year. The federal government should encourage, not punish, Americans who work and pay taxes their whole lives, save enough to support themselves through retirement, and retain the ability to fulfill the American Dream by passing along a better life to their children.

Secretary of Labor Robert Reich recommendation to vote YES: (robertreich.org 6/4/2015): At a time of historic economic inequality, it should be a no-brainer to raise a tax on inherited wealth for the very rich. Yet there's a move among some members of Congress to abolish it altogether. Today the estate tax reaches only the richest 2/10 of 1%, and applies only to dollars in excess of $10.86 million for married couples or $5.43 million for individuals. That means if a couple leaves to their heirs $10,860,001, they now pay the estate tax on $1. The current estate tax rate is 40%, so that would be 40 cents. Yet according to these members of Congress, that's still too much. Our democracy's Founding Fathers did not want a privileged aristocracy. Yet that's the direction we're going in. The tax on inherited wealth is one of the major bulwarks against it. That tax should be increased and strengthened.

Legislative outcome: Passed by the House 240-179-12; never came to vote in Senate.

Source: Congressional vote 15-H1105 on Apr 16, 2015

Other governors on Tax Reform: Jared Polis on other issues:
CO Gubernatorial:
Bob Beauprez
Cary Kennedy
Cynthia Coffman
Donna Lynne
Doug Robinson
Ed Perlmutter
George Brauchler
Greg Lopez
Heidi Ganahl
John Hickenlooper
Matthew Hess
Michael Bennet
Mike Johnston
Steve Barlock
Tom Tancredo
Victor Mitchell
Walker Stapleton
CO Senatorial:
Alice Madden
Andrew Romanoff
Angela Williams
Cory Gardner
Dan Baer
Darryl Glenn
Ellen Burnes
John Hickenlooper
John Walsh
Jon Keyser
Michael Bennet
Mike Johnston
Peg Littleton
Ryan Frazier
Tim Neville
Gubernatorial Debates 2021:
CA Recall:
S.D.Mayor Kevin_Faulconer(R)
vs.Former Gov. nominee John Cox(R)
vs.Former U.S.Rep Doug Ose(R)
vs.Laura Smith(R)
vs.Former Olympian Caitlyn Jenner(R)
vs.Radio Host Larry Elder(R)
vs.Kevin Paffrath(D)
vs.Gavin Newsom(D)
NJ: Incumbent Phil Murphy(D)
vs.State Rep. Jack Ciattarelli(R)
vs.Candidate Hirsh Singh(R)
vs.GOP Chair Doug Steinhardt(R)
VA: Incumbent Ralph Northam(D,term-limited)
vs.Former Governor Terry McAuliffe(D)
vs.CEO Glenn Youngkin(R)
vs.A.G. Mark Herring(D)
vs.State Sen. Amanda Chase(I)
vs.Lt. Gov. Justin Fairfax(D)
vs.State Rep. Jennifer Carroll Foy(D)
vs.State Rep. Lee Carter(D)
vs.State Sen. Jennifer McClellan(D)
vs.State Rep. Kirk Cox(R)
vs.CEO Pete Snyder(R)

Gubernatorial Debates 2023:
KY: Incumbent Andy Beshear(D)
vs.Former Gov. Matt Bevin(? R)

vs.Senator Rand Paul(? R)
vs.State Auditor Mike Harmon(R)
LA: Incumbent John Bel Edwards(D,term-limited)
vs.Biden Adviser Cedric Richmond(? D)
vs.Senator John Neely Kennedy(? R)
MS: Incumbent Tate Reeves(R)
vs.Bill Waller(R)

Gubernatorial Debates 2022:
AK: Incumbent Mike Dunleavy(R)
vs.Bill Walker(I)
vs.Les Gara(D)
vs.Billy Toien(L)
vs.State Rep. Chris Kurka(R)
AL: Incumbent Kay Ivey(R)
vs.Chris Countryman(D)
vs.Stacy Lee George(R)
vs.Ambassador Lynda Blanchard(R)
vs.State Sen. Malika Sanders-Fortier(D)
vs.Challenger Tim James(R)
AR: Incumbent Asa Hutchinson(R,term-limited)
vs.Trump Adviser Sarah Huckabee Sanders(R)
vs.A.G. Leslie Rutledge(R,withdrew Nov.2021)
vs.Ricky Dale Harrington(L)
vs.Anthony Bland(D)
AZ: Incumbent Doug Ducey(R,term-limited)
Mayor Marco Lopez(D)
vs.Former news anchor Kari Lake(R)
vs.Secretary of State Katie Hobbs(D)
vs.State Treasurer Kimberly Yee(R)
vs.U.S.Rep.Matt Salmon(R)
vs.Steve Gaynor(R)
vs.State Rep.Aaron Lieberman(D)
vs.Jorge Rivas(R)
vs.Karrin Taylor Robson(R)
CA: Incumbent Gavin Newsom(D)
vs.S.D.Mayor Kevin_Faulconer(R)
vs.Former Gov. nominee John Cox(R)
vs.Kevin Paffrath(D)
vs.State Sen. Brian Dahle(R)
CO: Incumbent Jared Polis(D)
vs.Mayor Greg Lopez(R)
vs.Heidi Ganahl(R)
CT: Incumbent Ned Lamont(D)
vs.Bob Stefanowski(? R)
FL: Incumbent Ron DeSantis(R)
vs.Former Gov.Charlie Crist(D)
vs.Agriculture Commissioner Nikki Fried(D)
vs.Annette Taddeo(D)
vs.Brian Moore(G)
GA: Incumbent Brian Kemp(R)
vs.Minority Leader Stacey Abrams(D)
vs.Senate candidate Shane Hazel(L)
vs.State Rep.Vernon Jones(R)
vs.2020 candidate Kandiss Taylor(R)
vs.Senator David Perdue(R)
HI: Incumbent David Ige(D,term-limited)
vs.Marissa Kerns(R)
vs.Lt.Gov.Josh Green(D)
vs.Vicky Cayetano(D)
vs.Paul Morgan(R)
vs.State Rep.Kirk Caldwell(D)
vs.U.S.Rep.Kai Kahele(D)
IA: Incumbent Kim Reynolds(R)
vs.Deidre DeJear(D)
vs.State Rep.Ras Smith(D)
ID: Incumbent Brad Little(R)
vs.Raul Labrador(R)
vs.Lt. Gov. Janice McGeachin(R)
vs.Ammon Bundy(R)
vs.Ed Humphreys(R)
IL: Incumbent J.B. Pritzker(D)
vs.State Sen.Darren Bailey(R)
vs.Paul Schimpf(R)
vs.Jesse Sullivan(R)
KS: Incumbent Laura Kelly(D)
vs.Jeff Colyer(R)
vs.State Sen.Derek Schmidt(R)
vs.Chase LaPorte(R)
Gubernatorial Debates 2022 (continued):
MA: Incumbent Charlie Baker(R)
vs.Lt.Gov.Karyn Polito(R)
vs.State Rep. Geoff Diehl(R)
vs.Harvard Professor Danielle Allen(D)
vs.State Sen.Ben Downing(D)
vs.State Sen.Sonia Chang-Diaz(D)
vs.Shiva Ayyadurai(I)
vs.A.G. Maura Healey(D)
MD: Incumbent Larry Hogan(R,term-limited)
vs.State Del.Robin Ficker(R) vs.State Del.Peter Franchot(D) vs.State Del.Kelly M. Schulz(R) vs.Secretary John B. King(D) vs.Ashwani Jain(D) vs.State A.G. Doug Gansler(D) vs.County Exec. Rushern Baker(D) vs.Secretary Thomas Perez(D) vs.Wes Moore(D) vs.Dan Cox(R)
ME: Incumbent Janet Mills(D)
vs.Former Gov. Paul LePage(R)
MI: Incumbent Gretchen Whitmer(D)
vs.Chief James Craig(R)
vs.Police Chief Tudor Dixon(R)
vs.Garrett Soldano(R)
vs.John E. James(? R)
MN: Incumbent Tim Walz(DFL)
vs.Mayor Mike Murphy(R)
vs.State Sen.Scott Jensen(R)
vs.Michelle Benson(R)
vs.Paul Gazelka(R)
NE: Incumbent Pete Ricketts(R,term-limited)
vs.U.S.Senator Bob Krist(R)
vs.Chuck Herbster(R)
vs.Jim Pillen(R)
vs.Brett Lindstrom(R)
vs.Carol Blood(D)
vs.State Sen. Theresa Thibodeau(R)
NH: Incumbent Chris Sununu(R)
vs.Dan Feltes(D)
vs.Karen Testerman(R)
NM: Incumbent Michelle Lujan Grisham(D)
vs.Commissioner Jay Block(R)
vs.State Rep.Rebecca Dow(R)
vs.Mark Ronchetti(R)
NV: Incumbent Steve Sisolak(D)
vs.A.G.Adam Laxalt(R)
vs.North Las Vegas Mayor John Lee(R)
vs.Dean Heller(R)
vs.Joe Lombardo(R)
vs.Mayor Michele Fiore(R)
NY: Incumbent Andrew Cuomo(D,resigned)
vs.Acting Gov.Kathy Hochul(D)
vs.Rob Astorino(R)
vs.Andrew Giuliani(R)
vs.US.Rep.Lee Zeldin(R)
vs.Tom Suozzi(D)
vs.Attorney General Letitia James(D)
OH: Incumbent Mike DeWine(R)
vs.Former Rep.Jim Renacci(R)
vs.Dayton Mayor Nan Whaley(D)
vs.Mayor John Cranley(D)
OK: Incumbent Kevin Stitt(R)
vs.State Sen. Ervin Yen(R)
vs.Connie Johnson(D)
vs.Joy Hofmeister(D)
vs.Natalie Bruno(L)
OR: Incumbent Kate Brown(D,term-limited)
vs.Gov. nominee Bud Pierce(R)
vs.Paul Romero(R)
vs.Casey Kulla(D)
vs.Kerry McQuisten(R)
vs.Tina Kotek(D)
vs.Nicholas Kristof(D)
vs.Tobias Read(D)
vs.State Rep. Christine Drazan(R)
PA: Incumbent Tom Wolf(D,term-limited)
vs.U.S.Rep. Lou Barletta(R)
vs.Commissioner Joe Gale(R)
vs.A.G.Josh Shapiro(D)
vs.William McSwain(R)
vs.U.S.Rep.Melissa Hart(R)
vs.State Sen.Scott Martin(R)
vs.State Sen. Scott Martin(R)
vs.State Sen. Doug Mastriano(R)
RI: Incumbent Gina Raimondo(D,to Cabinet)
vs.Gov. Dan McKee(D)
vs.Secy.Matt Brown(D)
vs.Mayor Allan Fung(R ?)
vs.Luis-Daniel Munoz(D)
vs.RI Secretary of State Nellie Gorbea(D)
vs.Seth Magainer(D)
vs.Helena Foulkes(D)
SC: Incumbent Henry McMaster(R)
vs.US.Rep.Joe Cunningham(D)
vs.State senator Mia McLeod(D)
SD: Incumbent Kristi Noem(R)
vs.State Rep. Billie Sutton(? D)
vs.Speaker Steven Haugaard(R)
TN: Incumbent Bill Lee(R)
vs.Carnita Atwater(D)
vs.J B Smiley(D)
TX: Incumbent Greg Abbott(R)
vs.Beto O`Rourke(D)
vs.Chad Prather(R)
vs.State Sen.Don Huffines(R)
vs.U.S.Rep. Allen West(R)
vs.Deidre Gilbert(D)
VT: Incumbent Phil Scott(R)
(no prospective opponents yet)
WI: Incumbent Tony Evers(D)
vs.CEO Jonathan Wichmann(R)
vs.Rebecca Kleefisch(R)
vs.State Rep. Timothy Ramthun(R)
WY: Incumbent Mark Gordon(R)
vs.Rex Rammell(R)
vs.Minority Leader Chris Rothfuss(? D)
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Page last updated: May 17, 2022