Opinion | Lewis: Income tax overhaul a negative for Colorado’s future

I will admit it. I was extremely disappointed at the passage of Amendment 87 (graduated income tax). I am now more negative about the future of Colorado than I have ever been in my life. I think we have just passed the point of no return on our journey to becoming California. I truly believe this measure is horrible for Colorado in almost every way. It’s another massive tax increase, it flaunted rules by placing two topics in one measure (tax increase and taxation method change), and even though it is a constitutional change, it was not required to meet the 55% vote hurdle. Mostly, it will force business and the wealthy to consider leaving and encourage wealthy retirees to move to Wyoming or Montana. Between this and Proposition NN, TABOR is effectively gone. The people have spoken, however, so I need to accept it and move on. My one consolation was the argument made by several of the local and state politicians (proponents of 87) with whom I had the debate.

This excerpt comes from the named source. Read the original for the full reporting.