We Came Here to Slash Taxes and Chew Bubblegum
And we’re all out of bubblegum.
DENVER – This morning, Senate Republicans moved forward with two of their biggest tax-slashing proposals of 2018, in an effort to put more money back in the hands of Coloradans.
Senate Bill 77, sponsored by Senator Larry Crowder (R-Alamosa), removes the sales tax for purchases of used vehicles in Colorado.
“We talk about doing something for the middle class continuously, and this bill gives us the opportunity to do so,” said Senator Crowder. “Whether it be driving to work, commuting to doctor’s appointments, or just going grocery shopping, reliable transportation is a necessity for the vast majority of people in our state. Senate Bill 77 will help, in however small or large a way, make that more of a reality for many Coloradans.”
SB-77 passed on the Senate floor today (third reading) on a 19 to 16 vote.
Continuing the mantra of giving money back, Senate Bill 61 was also hotly contested on the Senate Floor. The bill reduces the Colorado State Income Tax by 0.2%, a response to an influx of state revenue stemming from the federal tax reforms passed late last year.
SB-61 is sponsored by Senate President Pro Tem Jerry Sonnenberg (R-Sterling) and Senate President Kevin J. Grantham (R-Cañon City) “This year we have been blessed by a $1.3 billion surplus.
We shouldn’t keep all that money as government,” said President Pro Tem Sonnenberg. “Let’s give it back to the people, further stimulating our economy, and further allowing prosperity to flourish.” SB-61 also passed on the Senate floor today (third reading) on an 18 to 17 vote. “When you invest money into the people – and not the bureaucracy – you see economies really come to life,” said President Grantham. “By making SB-61 law, we will be stoking that flame of economic growth, not suffocating it.” Both SB-77 and SB-61 will now head to the House for consideration.