BFD8DEC3BE3357A1872583910079A954 Hearing Summary

Senator Sonnenberg, bill sponsor, introduced Senate Bill 19-055.  The bill would reduce Colorado's personal income, corporate income, and alternative tax rates.  Senator Sonnenberg distributed a news article (Attachment A).  Senator Sonnenberg responded to questions from the committee related to the impact on Coloradans of different income levels and the Governor's position on the bill.

Senator Sonnenberg responded to a question from the committee related to the relationship between taxes and economic growth and comments related to the Taxpayer's Bill of Rights (TABOR).  Senator Sonnenberg responded to further questions related to a comparative tax plan and the bill's impact on rural counties.

Senator Sonnenberg responded to a question related to bipartisan support.

Mr. Chris Stiffler, Colorado Fiscal Institute, testified against the bill.  Mr. Stiffler responded to a question from the committee related to the implications of TABOR.

Ms. Evie Hudak, Colorado PTA, testified against the bill.

Mr. Harry Hempy, League of Women Voters, testified against the bill.

Mr. Rich Jones, Director of Policy and Research at the The Bell Policy Center, testified against the bill.  Mr. Jones responded to questions from the committee related to the bill's impact on income equality, how tax savings are used by taxpayers, and alternatives to business investment for driving the economy.

Mr. Jones responded to questions from the bill sponsor about the impact of tax savings by high-income earners.

Mr. Brian Tanner, Government Affairs Director for the Colorado Education Association, testified against the bill.

Senator Sonnenberg made closing comments on the bill.

Committee members made closing comments on the bill.