Colorado's Protect Colorado's Future Claims Victory on Graduated Income Tax
The coalition behind Colorado's Amendment 87 claims the graduated income tax measure has enough votes to pass, announcing a presumed win at a Thursday news conference with about 90% of ballots counted and a lead of more than 36,000 votes. The measure would amend the Taxpayer's Bill of Rights to lower income tax rates for lower earners and raise them for the wealthiest, and is projected to raise $2.7 billion a year if it takes effect.