Tuesday, April 19, 2011

House GOP highlights legislative session’s tax cutting measures

Monday, House Republicans marked Tax Day by highlighting this legislative session’s tax cutting measures.

“The legislature has been working hard to ensure that we repeal the most onerous taxes that stifle growth and hurt our economy,” said House Majority Leader Amy Stephens, R-Monument. “Coloradans have enough to deal with than more taxes in this tough economy.”

To date, the House passed a state budget, Senate Bill 209, which included no new taxes or fees; repealed the software tax increase with House Bill 1293 by Reps. Stephens and Carole Murray, R-Castle Rock; and repealed the “ag tax” with HB 1005 by Reps. Jerry Sonnenberg, R-Sterling, and Jon Becker, R-Fort Morgan. In addition, today, the House passed Rep. Chris Holbert’s, R-Parker, HB 1141, to repeal the business personal property tax.

Lowering taxes bolsters job creation and consequently, creates a more stable state budget.

“The only activity that increases revenue for important items like the education of our school children is job creation,” said Murray. “The tax-cutting measures we passed in this legislative session will help us get to that goal.”

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