Colorado House Democrats passed HB26-1222, which forces businesses to "add back" major federal tax breaks (bonus depreciation, full expensing, R&D deductions, and business interest expense) when filing state taxes. This quietly raises their tax bill by $329.2 million in FY 2027-28 — and hundreds of millions more every year after — to fund a new "Family Affordability Tax Credit" that hands cash to low-income parents who often paid little or nothing in taxes. The bill bundles new spending with new taxes to dodge Colorado’s Taxpayer Bill of Rights (TABOR), and every House Democrat except one voted for it.
This is textbook left-wing governance: punish the people who actually create jobs, wealth, and opportunity, then hand the loot to their preferred voting bloc.
Colorado businesses were already getting slammed by inflation, regulations, and a hostile business climate. Now Democrats are deliberately clawing back the very federal tax relief that was meant to help companies invest, expand, and hire — just so they can write bigger checks to people who didn’t earn it.
Call it what it is: legalized theft wrapped in feel-good language. “Family Affordability” sounds nice until you realize it’s being paid for by the same small businesses that employ Coloradans, pay the bills, and keep the economy moving.
Worse, they tried to sneak it past voters by bundling everything together to bypass TABOR. That’s not democracy — that’s contempt for the people who actually pay the taxes.
The message is clear: in Democrat-run Colorado, success is a liability and dependency is a policy goal. Businesses will either raise prices, cut jobs, or leave. Families will get a temporary check while the state’s economy gets weaker.
This is why we keep losing the middle class. Time to call it out, vote it down, and send a message that Colorado is open for business — not open for more government shakedowns.