Colorado election • November 2026
Don’t let higher costs price Coloradans out.
Learn about Amendment 87 and how the measure could affect Colorado taxpayers, businesses and the state economy.
Editorial endorsement
The Denver Post editorial board says NO on 87
The board warns that Amendment 87 could drive major employers and jobs out of Colorado.
Read the editorial“We urge voters to say no to Amendment 87.”
More Amendment 87 news
Vote No on Amendment 87
Protect Colorado’s economy from a deceptive and destructive tax hike.
Amendment 87 would replace Colorado’s uniform income tax with a graduated structure and increase state taxes by an estimated $2.7 billion each year.
What Amendment 87 does
A major change to Colorado’s income tax system
Amendment 87 seeks to eliminate taxpayer protections in the Taxpayer’s Bill of Rights (TABOR) that prevent politicians from setting tax rates without a vote of the people. It would also allow the state to nearly double the tax rate for some individuals and businesses.
Three reasons to vote no on Amendment 87
What is at stake
Colorado can’t afford it
Our economy can’t take the hit of a $2.7 billion tax increase right now. It could lead to lost jobs and make it harder to attract companies to Colorado.
It’s a blank
check
Amendment 87 lets politicians in Denver determine how the money is spent, allowing special interests to reroute tax dollars to pet projects and boondoggles that will waste our hard-earned tax dollars.
It hits Main Street hard
Amendment 87 won’t just tax the rich. It will also hurt Main Street by raising taxes on local businesses like Colorado farmers and ranchers, family-owned restaurants and other small businesses.
Independent economic analysis shows that higher tax rates would encourage businesses, jobs, and investment to leave Colorado.
Get the facts
Questions about Amendment 87
Learn what Amendment 87 would change, who it could affect and why Coloradans are being urged to vote no.
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Amendment 87 is a $2.7 billion income tax hike on the Colorado ballot in November 2026. It seeks to get rid of taxpayer protections in the Taxpayer’s Bill of Rights that stop politicians from setting tax rates without a vote of the people and allow the state to nearly double the tax rate for individuals and businesses.
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The political backers of the tax hike are a range of special interests but it was primarily led by the Bell Policy Center, a special interest group that does not disclose all of its donors but has been found to get support from organizations funded by foreign billionaires.
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The measure says the additional tax revenue will go to K-12 education, healthcare and childcare costs, but that’s deceptive as it allows politicians in Denver at the State Legislature to determine how exactly the money gets spent. There is no guarantee how the money will be spent because it’s left up to politicians, who could end up spending it on their pet projects or even send some of the money to their own non-profits as they currently do. It all amounts to a blank check from Colorado taxpayers and businesses.
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No, that’s only what the special interests pushing the measure say. Due to how it’s written, it won’t just tax corporations and wealthy individuals, but many Main Street businesses like local restaurants and farmers and ranchers across Colorado. The language in the ballot measure means it could affect over 90% of businesses in Colorado – not just major companies, but local and family-owned businesses across the state.
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Yes, eventually. The measure itself creates 8 brand-new tax brackets, getting rid of the current system where all income is taxed at the same rate. It creates higher tax rates for income for individuals and businesses that make over $500,000, but it does two things that will likely raise nearly everyone’s taxes. First, it doesn’t index the tax brackets for inflation, so over time the higher tax brackets will eventually hit middle-class families. Second, it will allow politicians in Denver, rather than the voters, to determine what the tax rate for each of the 8 tax brackets will be. Currently, only the voters of Colorado can determine how and when to raise tax rates.
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It will cause job losses as businesses and wealthy individuals move to states with lower taxes and will make it harder to attract companies with good paying jobs to the state. A recent study found it will lead to the loss of $200 million and thousands of jobs. The ultimate impact of the measure may be more jobs and tax revenue for places like Texas and Florida, not Colorado.
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When Washington state passed a “millionaire’s tax” earlier this year, Starbucks announced they were going to create 2,000 new jobs in Tennessee instead of their founding state of Washington, while many other businesses and wealthy individuals have announced plans to leave the state.
Colorado election • November 2026
Don’t let higher costs price Coloradans out.
The bottom line is: Amendment 87 results in more money flowing from Colorado taxpayers to government and less money available for families, businesses, investment and economic growth. Colorado doesn’t need to make itself less competitive.
Vote No