Tax Battle in Colorado This November | Colorado Springs News

Colorado voters face a tax showdown this November: Initiative 195 wants to overhaul the state’s flat income tax into complex brackets, possibly raising billions — but it could backfire. Initiative 232, already on the ballot, caps taxes at 4.4%, acting as a safety net. If both pass, 232 wins out, potentially neutering 195’s biggest hikes. Experts warn that even with the cap, 195 could still scare away businesses and high earners, hurting Colorado’s economy. Bottom line: vote no on 195 to protect your wallet and your state’s future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/554ca9ab29052e61