Friday, September 3, 2010

Tancredo: “The people of Colorado are not under-taxed; we are over-governed.”

Former U.S. Rep. Tom Tancredo’s third-party bid for governor, which has been predicated on stealing votes from the Tea Party wing of the Republican Party rather than the business wing, continued along that path Thursday when he endorsed three revenue-slashing ballot measures.

Speaking at the first general-election debate of the race Thursday, Tancredo supported Amendments 60 and 61 and Proposition 101 because, as he said it: “The people of Colorado are not under-taxed; we are over-governed.” And in doing so, he becomes arguably the first political figure with statewide clout to support the initiatives on the November ballot.

These are, you may remember, three measures that have galvanized the business community in opposition to them after a study showed they could lead to the loss of 73,000 private- and public-sector jobs. Proposition 101 cuts a number of taxes including the income-tax rate; Amendment 60 slashes school mill levies; and Amendment 61 outlaws all state borrowing, essentially ending the state’s ability to fund construction projects.   More -

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