“Many mom ‘n pop members dodged a bullet”
In a wrap-up story on the outcome of Election Day results, Colorado business leaders cheer defeat of ballot issues, Colorado Politics quotes NFIB State Director Tony Gagliardi on Propositions 73, 74, and 112.
“The small-business community’s longtime corner man, Tony Gagliardi of the National Federation of Independent Business-Colorado, said his group’s many mom ’n’ pop members dodged a bullet.
“ ‘112 would have cost the state billions in the coming years not to mention the 42,000 jobs that would have been lost in just the first year,’ Gagliardi said. “73 would have been the biggest tax increase in Colorado ‘s history. To do away with our single tax rate would have driven businesses out of the state, not to mention the 80 percent increase in the pass-through rate paid by most small-business owners.’
“Also handily defeated on Election Day was the lower-profile Amendment 74, which would have required property owners to be compensated for any reduction in fair market value caused by laws or regulations. The measure, more of a talker among farmers and ranchers in Colorado’s rural reaches, was promoted by the Colorado Farm Bureau and had garnered the support of Gagliardi’s small-business lobby.”
