- Support making the 2003 federal tax rate cuts, scheduled to expire in 2011, permanent.
- Support the elimination of federal and state death taxes.
- Oppose any attempt to repeal or modify the Taxpayer Bill of Rights and condemn the circumvention of TABOR sanctioned by the Colorado Supreme Court and exploited by the Democrat-controlled legislature.
- TABOR should be supported and strengthened and the judicial “fee bypass rulings” should be reversed so that no tax masquerades as a fee.
- Support reducing the size and scope of government at all levels by limiting and reducing taxes, regulation, and government spending.
- Support the removal of the Social Security fund from the general budget so the federal government cannot spend Social Security contributions for anything other than Social Security benefits.
- Oppose all government bailouts.
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- Believe the economy must meet the basic needs of all Americans for housing, food, healthcare, education, energy, transportation and infrastructure, essential public services such as police, fire legislative, as well as socially necessary public spaces and programs such as parks, open space, recreation facilities, libraries, arts and cultural programs.
- Democrats are realists who know essential services require tax funding. Given that our middle class is shrinking and an inefficient tax system is causing widening economic disparity between the ultra wealthy and wage earners, we support a more progressive tax system that would address that widening disparity. Progressive taxation would also eliminate tax cuts and tax avoidance and evasion schemes for the wealthiest Americans and largest corporations, and would necessarily reject consideration of a flat tax (since it disproportionately favors the very wealthy).
- Support legislation that, for all compensation packages that are more than 40 times the average compensation package of an employee, taxes the difference in compensation as windfall income at a higher marginal rate.
- Believe that the estate tax is the only significant federal tax on accumulated wealth and is an essential part of a fair tax system and must be preserved.
- Support an economic stimulus package that rebuilds our infrastructure and creates jobs (similar to the HRA of the 1930s), with policies strengthening the U.S. dollar and reducing interest rates on home mortgages.
- Recommend increased funding and staff for the Internal Revenue Service to allow for collection of unpaid taxes and to increase the frequency of corporate auditing.
- While appreciative of the efforts thus far to properly regulate pay day loans we continue to believe our financial institutions have acted immorally in their treatment of consumers in perpetuating a cycle of debt at usury levels. In order to restore order and a sense of fairness in the treatment of consumers lending, the “free market” demands regulation to curb these abuses. Support legislation to set a hard cap on (annual) payday lending rates of 15 percent.
- Request simplification of the tax code and revocation of the TABOR amendment. The financial crisis in Colorado was precipitated by the interaction of the TABOR amendment, the Gallagher Amendment and Amendment 23 and needs to be addressed by constitutional reform.
- Support repeal of the Taxpayer Bill of Rights provisions of the Colorado State Constitution, which have resulted in unacceptable curtailing of state services, especially the human services safety net.
- Oppose passage of Proposition 101 and Amendments 60 and 61 in the November 2010, election in order to guarantee the future of Colorado and its citizens.
- Support reintroduction of the Colorado Earned Income Tax Credit and other measures to ensure a living wage and to mitigate the “cliff effect”, which occurs when a small increase in income leads to termination of a work-support benefit.
Democrats are realists who know essential services require tax funding. Given that our middle class is shrinking and an inefficient tax system is causing widening economic disparity between the ultra wealthy and wage earners, we support a more progressive tax system that would address that widening disparity.
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