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09/25/07 @ 05:15:49 PM MDT
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| Today Governor Bill Ritter unveiled a pro-business agenda that he claims will spur economic growth. Major initiatives include:
• Simplify corporate income taxes by eliminating the complicated multiple factors that businesses must use to calculate their taxes and establishing a simple single-sales factor, as well as streamlining other aspects of corporate income taxes in a revenue-neutral fashion.
• Cut taxes for 30,400 businesses by raising the Business Personal Property Tax exemption threshold from today's $2,500 level to $7,000.
• Establish a $3.5 million a year Bioscience and Life Science Fund.
• Eliminate the so-called "fly-away" sales tax.
• Make it easier for businesses - especially rural small businesses - to qualify for job-creation incentives by modifying Colorado's Performance-Based Incentives Fund.
• Dedicate $3.5 million from the new Clean Energy Fund specifically for economic-development opportunities.
• Analyze spending of Colorado's tourism-promotion dollars, and work with industry partners to devise new strategies to better invest and leverage state funds. |
| 300spartansgym :: The Ritter business agenda makes its debut (w/poll) |
| Senate Democrats immediately piled on board, with bill sponsors like Suzanne Williams, Brandon Shaffer and Bob Bacon voicing their support. House Democrats including Andrew Romanoff, Cheri Jahn, Joe Rice and Jim Riesberg also lent their support.
We knew that Ritter was a policy guy. His detailed answers in the 2006 debates proved that. But his administration has also proved to be politically savvy, managing to combat recent Republican criticisms while keeping a unified front with other Democratic leaders.
Colorado Confidential recently called Ritter a Teflon Governor. I wouldn't go that far. But I would say that Ritter has managed to advance a pro-environment, pro-Colorado agenda while retaining broad popularity. What say you? Take the poll.
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