Why small businesses oppose Proposition HH | PODIUM
Everyone has a stake in defeating Proposition HH, especially small businesses, and a big reason for that is personal — literally.
Most small business owners file their taxes as individuals at the individual tax rates, not as corporations at the corporate tax rates, so they’re eligible for TABOR refunds, the same as everyone else. When they get the refund check, Main Street job-creators and mom-and-pop shops typically reinvest the extra money right back in the business.
For more than 30 years, thanks to the Taxpayer's Bill of Rights (TABOR), Colorado has given them a refund every time the state takes in more than it spends. Maybe that’s what secretly irritates the anti-TABOR forces the most: It delivers on what it promised, and continues to do so. How many initiatives can claim that?