Business group CACI joins opposition to ColoradoCare
DENVER—The Colorado Association of Commerce and Industry (CACI) board of directors voted to oppose Amendment 69, the constitutional amendment on the 2016 ballot to create an annual $25 billion or more income tax hike.
ColoradoCare proponents submitted 156,107 signatures, exceeding the 98,492 required to qualify for the November 2016 ballot, to the Colorado secretary of state’s office for verification. The measure would triple Coloradans’ taxes and exempt itself from TABOR.
ColoradoCare would be financed by taxes on Coloradans’ incomes, including a 10 percent “Health Care Premium Tax” on payroll and also on non-payroll income collected by the Department of Revenue.
Advancing Colorado, a free market advocacy group, spearheaded the opposition to ColoradoCare. Executive Director Jonathan Lockwood released the following statement:
“The opposition to ColoradoCare is growing and it is because ColoradoCare will not only kill health care in Colorado by restricting choice and options, but will destroy jobs, rewind health care reform and hurt our communities. ColoradoCare is 25 times the size of the largest income tax hike ever proposed in Colorado and people from across the country have been stunned by the cost of the proposal, including single-payer advocates. Thankfully, the opposition to this proposal is growing because it will help counteract the ColoradoCare campaign’s deceptive and questionable practices.”