No-go for GOP tax credits
The House Finance Committee on Wednesday killed three Republican proposals to give tax credits to businesses, prompting an outcry from House Minority Leader Mike May, R-Parker.
“With three separate proposals today, we asked the Democrat majority to say no to government’s spending addiction and to use tax incentives, instead of mandates, to move our state forward,” May said.
The Republicans’ tax-credit proposals would have cost the state $353.5 million over the next two years, according to nonpartisan state budget analysts.
Rep. Joel Judd, D-Denver, chairman of the committee, warned that it is often too costly to give tax breaks to companies for creating jobs they would have created anyway.
Askin’ for taxes
Stan Dempsey, president of the Colorado Petroleum Association, took what could be viewed as a surprising stance Wednesday in testimony before the House Finance Committee.
Testifying in support of a bill that changed the frequency of severance tax collection from quarterly to monthly, Dempsey said: “I think we’re the first class of taxpayers to come to you and say we want to pay more often.”
Can we quote you on that?
“Rep. Carroll would like to see those, but we won’t air them. This is a family show.”
– Rep. Terrance Carroll, D-Denver, after Rep. Debbie Stafford, R-Aurora, told him she had a stack of papers giving examples of people sexually abusing animals.
Compiled by Mark Couch and Jeri Clausing
