Colorado
Universal HealthCare Will Mean Higher Taxes for Businesses
Businesses in Colorado could be seeing seeing significant
tax hikes in the coming years.
In November voters in Colorado will be asked in a referendum
to vote on creating a state healthcare system called
ColoradoCare.
Amendment 69 (also known as
Initiative #20)will be placed on the ballot.
The intent is to create a state-wide healthcare system that
will pay for anyone’s healthcare regardless of the patient’s
illness or injury.There will be no deductibles that patients have to
pay.
If approved it will require increases in taxes from many
sources that could negatively impact businesses of all
sizes.
The measure would tax salaries, wages, tips, rents,
interest, dividends, capital gains, social security,
pensions, annuities, etc.A total of $25 billion in state taxes will have to be
raised for this initiative.
