Of all the initiatives that could end up on the November ballot, one that could have the biggest impact on the wallets of Colorado residents was filed last week and has the backing of the Governor.
In order to make it official that political payback to environmental groups comes before the interests of his constituents, Colorado Governor Bill Ritter (D) has endorsed an initiative for the November ballot that would raise the severance tax paid by oil and gas companies doing business and providing jobs in the state. Supporters hope to squeeze about $200 million dollars per year out of oil and gas industry employers in the state with this tax increase.
Ritter and other proponents of the initiative are already out demonizing the energy companies whose coffers they plan to raid for their own pet projects, and misleading the public as to the true impact of this proposed tax hike – higher utility bills and higher cost of living for Colorado families.
Either the Governor has no problem lying to Colorado residents or he really just does not get the simple concept that raising the cost of providing a product will increase the cost that consumers must pay for that product.
Supporters of the measure must find signatures of 76,000 people who would like higher utility bills in order to qualify for the November ballot.
Colorado voters can go here to tell their elected officials that you oppose this tax increase.
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