Amendment 87 offers Colorado a chance to boost middle-class finances

The column defends Colorado’s Amendment 87, a graduated-income tax proposal appearing on this year’s ballot, as a viable path to address the state’s recurring budget shortfalls and modestly narrow the wealth gap. It explains that the tax would only affect individuals earning more than $500,000 annually, with rates rising incrementally above that threshold, meaning most Coloradans would see no increase or even a reduction.

Opponents, including Governor Jared Polis, warn of potential business flight, yet the author points to states like New York and California that maintain higher top rates while hosting large corporations. Historical data is cited to illustrate that periods of higher top marginal rates in the mid-20th century corresponded with a robust middle class, contrasting with one outlet rise in inequality. The piece also rebuts fear-mongering claims that seniors, veterans, farmers or other groups would bear the burden, noting they represent a tiny fraction of high-income earners. Ultimately, the editorial frames Amendment 87 as Colorado’s best opportunity to shift from a flat-rate tax system to a more progressive structure that benefits the majority.