Say No to Another
Tax Cut for the Wealthy
Proposition 116 is just another attempt to cut funding to schools, health care, housing, and more so the rich get richer.
Supported by the Koch-funded Americans for Prosperity (the same group that brought you global warming and Donald Trump), this ballot measure does nothing but line the pockets of Colorado's wealthiest.
If passed, Proposition 116 will take more money out of our communities when they need it most and give yet another tax break to the wealthy.
This November, vote no on Proposition 116.
Colorado already cut $3.3 billion from our budget this year. This 25% total cut has been devastating for hundreds of thousands of Coloradans. Prop 116 would demand another $154 million cut from our budget.
The majority of Prop 116's benefits ($90 million) would go to the top 3% of Colorado earners. For example, someone making $1 million will receive $800, while average Colorado taxpayers will only see $37 in tax savings.
How much will Prop 116 cost us? The decrease in revenue is equivalent to sending 18,160 children to school for a year or the cost of the Senior Homestead and Disabled Veteran Property Tax Exemption, a lifeline for more than 250,000 older and disabled Coloradans.