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Article: Cutting state income tax rates would be fairest way to reduce surpluses
- Article from:
- The Gazette
- Article date:
- January 9, 2000
- Author:
CopyrightCopyright 2000 The Gazette. Provided by ProQuest LLC. (Hide copyright information)
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Gov. Bill Owens' new revenue projections are now in, showing that
the government will collect roughly a billion dollars more in revenue
each year over the next five years than the government is permitted
to keep under the TABOR Amendment. Economists for the state
legislature project even higher excess revenues. Owens is the only
politician so far with the courage to state the obvious:
"It's fundamentally unfair to take tax dollars from people when
we don't have the right to spend them ... and then give it back."
What Owens did not state is the less-obvious fact that politicians
now are using the surplus revenue to provide tax refunds and tax
relief to many different interest groups. The ...