A state senator is launching a campaign to raise taxes to prevent further budget cuts for Colorado schools and colleges. Sen. Rollie Heath will officially start the effort Monday at the state Capitol. The proposal would raise the income and sales tax rates between 2012 and 2017. Heath is proposing to raise the sales and use tax [...] [...]
by Rebecca Tonn Published: March 18,2011
Tags: Small Business, Taxes
Sitting down with your accountant isn’t always a cause for celebration, but small business owners have reason to be grateful for small mercies as they file their 2010 taxes. That’s because of the Small Business Jobs Act passed in September. The biggest temporary change is an increase in bonus depreciation for assets purchased from 50 percent to [...] [...]
by Associated Press Published: March 14,2011
Tags: Education, state budget, Taxes
Opponents of school budget cuts are making their case at the state Capitol. They plan to deliver a letter signed by more than 5,200 people to state lawmakers and the governor today. The group organizing the event is Great Education Colorado. It says the letter is hundreds of pages long and includes comments and stories about the [...] [...]
The governor of Wisconsin has signed it. So have most of the Republicans in California’s Legislature. As state lawmakers grapple with how to address massive budget deficits, anti-tax crusader Grover Norquist is leaving his fingerprints on legislatures across the country. His pledge against taxes is embraced by conservatives and reviled by liberals and some moderates. In states [...] [...]
by Jonathan Easley Published: March 2,2011
Tags: City Council, diversity, strong mayor, Taxes
More than 400 community and business leaders attended last night's mayoral forum to hear candidates' views about topics that ranged from Colorado Springs' image to economic development. [...]
A tax cut that began last month gave consumers the biggest jump in their incomes in nearly two years. But Americans boosted their spending only slightly, a sign that many people are being cautious with their money even as the economy improves. Consumers increased spending 0.2 percent in January, the smallest gain since June, the Commerce [...] [...]
by Associated Press Published: February 22,2011
Tags: Coke, Legislature 2011, Pepsi, Republicans, soda, Taxes
Coke, Pepsi and other soft drinks could get a bit cheaper in Colorado under a Republican proposal to repeal sales taxes on soda. Coloradans began paying a 2.9 percent sales taxes on sodas last year, when lawmakers looking for ways to raise money and confront obesity imposed a levy soft drinks and candy. Before, the often-sugary [...] [...]
President Barack Obama’s budget proposal resurrects a series of tax increases that were largely ignored by Congress when Democrats controlled both chambers. Republicans, who now control the House, are signaling they will be even less receptive. The plan unveiled Monday includes tax increases for oil, gas and coal producers, investment managers and U.S.-based multinational corporations. The [...] [...]
by Allen Greenberg Published: February 4,2011
Tags: CVB, Doug Price, Little London, Taxes, The Broadmoor, Tourism
We’re all just getting to know Doug Price, the new chief of the Convention and Visitors Bureau, but I’ve discovered something about him that should resonate with many: Several years ago, while still living and working in Washington, D.C., Price was in the Springs on a business trip and, as he tells it, was walking across [...] [...]
by Associated Press Published: January 26,2011
Tags: State of the Union, Taxes
President Barack Obama’s call to lower corporate tax rates is popular among business leaders and lawmakers from both parties. That support, however, won’t be easy to maintain if the president ever gets specific about how to pay for the lower taxes. Obama said in his State of the Union address that he wants to close corporate [...] [...]
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