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Polis proposes a reduction in Colorado taxes

Polis proposes a reduction in Colorado taxes

Polis proposes a reduction in Colorado taxes
January 17
13:23 2019

BEFORE THE COLORADO LEGISLATIVE ASSEMBLY

Newsroom/El Comercio de Colorado

A few hours after his inauguration, Jared Polis presented his government plan to the Colorado Legislative Assembly. A few days later, he delivered his plan in writing to the Joint Budget Committee. “Together, we are going to build an economy where Coloradans from all walks of life do not just get by, but thrive. To those Coloradans across our state, I want to say: our administration will work tirelessly to make our state work better for you,” said Polis.

Governor 43 wants to implement universal and free preschool in Colorado, starting with the 2019-2020 school year. This would be “the single biggest expansion of early childhood education in Colorado history” and would have a cost of 227 million dollars. Polis informed the committee that this money would come from the good expectations on property tax revenues. If the proposal is approved, parents will be able to send their children to preschool for the whole day, instead of half day, as it currently operates.

Other two priorities

Healthcare is another priority for the Polis administration. “It is time for us to build a health care system where no person has to choose between losing their life savings and losing their life,” said the governor. In order to achieve this goal, the governor created a committee to study the actions to take in order to reduce the cost of healthcare. Polis also announced he will evaluate a reassurance program as an incentive for insurance companies to continue to offer their policies.

The new governor is interested in working with the Colorado Legislature to reform the tax law in the state. He seeks taxation laws to be “more fair, so that we can reduce rates for Colorado families and small businesses.” The governor mentioned that most of the tax legislation in the state was approved in the 1930s. “We need a tax code that reflects today’s realities rather than yesterday’s distortions,” he concluded.

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