No on 87. Yes on 136. No on NN. Yes on 137.
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Newsletter — Issue 56 — Wednesday, October 28, 2026
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This newsletter has been published by Engage Colorado.
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Protect Colorado From Higher Taxes and Endless Spending
No on Amendment 87. Yes on Proposition 136. No on Proposition NN. Yes on Proposition 137.
This Engage Colorado Newsletter reflects the personal opinions of Dan Caruso, written with the support of the Caruso Ventures team.
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This is my last Engage Colorado before the election. Ballots are due by 7:00 PM on Tuesday, November 3. Did you send in your ballot? Did your family members send theirs in? Did you encourage your neighbors, friends, and colleagues to complete their ballots?
Four measures on this ballot will shape Colorado’s future more than any others.
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Vote NO
Amendment 87: Graduated Income Tax
Colorado’s most important corporations and job creators will depart for Texas, and with them will go the tax base, career opportunities, and retail spending.
Amendment 87 raises Colorado’s top individual and corporate income tax rates to 8.4%. Texas and Nevada have no corporate income tax. Utah is 4.45%, and Arizona is 4.9%. Texas, Florida, Tennessee and Nevada have no individual income tax.
The revenue our political leaders are counting on will fall short. When California raised its top rates, 45 percent of the new revenue expected from top earners disappeared within one year. When the money falls short, the spending will continue. That is when they will look to every Coloradan for more taxes.
Governor Polis says a graduated income tax would be “absolutely devastating” for Colorado. The Denver Post editorial board says vote No.
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Vote YES
Proposition 136: Caps the State Income Tax Rate at 4.4%
Prevents politicians from raising your taxes. It keeps today’s 4.4% rate, for individuals and corporations, as the ceiling.
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Vote NO
Proposition NN: Ends TABOR Refunds
Prevents politicians from keeping more of your income. NN removes the safety valve that returns over-collected revenue to taxpayers. Together with Amendment 87, it gives our political leaders new ways to raise taxes on every Coloradan.
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Vote YES
Proposition 137: Conservation and Wildfire Funding
Directs the existing sales tax on sporting goods to conservation and wildfire work. No new tax.
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Vote No on Amendment 87 and Yes on Proposition 136
More than 440 Colorado business leaders have signed the Open Letter to Attorney General Phil Weiser and Colorado’s other elected leaders, asking them to oppose Amendment 87 and support Proposition 136. If you haven’t yet, please add your name.
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Ballots are due by 7:00 PM on Tuesday, November 3. Vote. Then make sure your family, friends, neighbors, and colleagues vote.
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