In this opinion piece, Grand Junction Area Chamber of Commerce CEO Candace Carnahan urges Colorado voters to reject Amendment 87, which would replace the state's 4.4% flat income tax with six brackets reaching 8.4% on taxable income above $1 million. She argues the tax would hit owners of pass-through businesses on earnings kept in their companies, estimating about $211 million in additional statewide taxes on undistributed pass-through income in 2027 alone. Citing a Common Sense Institute projection, she says Colorado could lose 295 high-bracket firms employing about 42,000 people within 10 years, and more than 590 firms with roughly 84,000 workers within 20 years. She also notes the brackets are not adjusted for inflation, and says the state should first show that existing spending delivers results.
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