Supporters of Amendment 69, which would create a state-run health insurance program and double Colorado’s state budget, have raised $44,940 so far, according to the Secretary of State’s website. In contrast, Coloradans for Coloradans, the opposition group, has raised $688,141(including a $50,000 donation from CAR).
CAR’s Board of Directors voted to oppose the measure in April, saying it would hurt REALTORS and other small businesses. This constitutional amendment would create a new 10 percent tax on all income generated in Colorado. Employers would pay 6.67 percent tax regardless of employment status and employees would pay a 3.33 percent tax. Non-payroll income would also be taxed at 10 percent including business income, rental income, farm and ranch income, pensions, social security, interest, dividends, capital gains, etc.