FOR IMMEDIATE RELEASE
September 25, 2018
CONTACT: JD Key
Fort Collins Chamber of Commerce Announces Opposition to Amendment 73, Joins a Growing List of NO votes
(Fort Collins, CO) – The Fort Collins Chamber of Commerce today announced its opposition to Amendment 73, joining a growing list of organizations opposing the measure.
Amendment 73 will appear on the November ballot, and if passed, it would be the biggest tax increase in Colorado history – despite no guarantees of improved performance or increased teacher pay.
“We support our public schools, but Amendment 73 is not the answer,” said David May, President and CEO of the Fort Collins Area Chamber of Commerce. “The measure is deeply flawed and full of unintended consequences that are detrimental to our economy and our competitive business climate.”
“If approved, Colorado would have one of the highest income tax rates in the Rocky Mountain West making us less competitive in the economic development arena. The measure raises the corporate tax rate from 4.65 percent to 6%. This is a 30% increase on companies that provide jobs. For small business, the impact is even worse with a tax hike as high as 78%,” continued May.
“The more people learn about Amendment 73, the more they oppose it,” said Dave Davia, Blank Check. Blatant Deception. Vote No on 73 Campaign Co-Chair and Executive Vice President and CEO of the Colorado Association of Mechanical and Plumbing Contractors.
To learn more about Amendment 73, visit www.noamendment73.com.
Paid for by Blank Check | Blatant Deception | Vote No on 73