Colorado is one of the few remaining fast-growing and prosperous blue states – but like Washington state, the Democratic Socialists are set to sock the rich right out of the state.

A secret to Colorado’s success over the past two decades has been the low flat rate income tax of 4.4%.  This flat tax – combined with a strict spending limit (TABOR) – kept government growth under control.

A ballot initiative that has apparently received enough signatures to qualify for the November ballot would nearly double the highest income tax rate on “the rich” and successful small business owners.

Overnight Colorado would go from one of America’s lowest tax states to a high tax state.

Call it the California-ization of Colorado. Ironically, over the last two decades, more than 100,000 Californians have moved to Colorado in part to avoid Golden State tax rates that can reach above 14%.

Gov. Jared Polis, one of the last of a dying breed of sensible Democrats, is against the tax hike. We will be working with Polis and the Independence Institute in Colorado to try to kill this economic suicide pact.