Colorado: Health Insurance Battle Heating Up

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.

Read more about the amendment, from supporters and opponents, here:

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