McInnis Speaks out on Anti-Jobs Tax Hikes
Visits Springs Technology Incubator to Highlight How
Tax Increases Will Send Jobs, Companies to Other States
(COLORADO SPRINGS) – Stressing that a discriminatory and anti-jobs software tax increase now under consideration at the Capitol – one of a number of tax-hike measures moving through the Legislature -- will make Colorado less competitive and is likely to send jobs, and perhaps entire companies, to other states, gubernatorial candidate Scott McInnis said today.
Speaking at the Colorado Springs Technology Incubator, McInnis said as Governor he would veto such measures, saying that the prism he will judge all fiscal decisions will be the effect on jobs and the economy. He called on his Democratic opponent in the race to join him in fighting for jobs.
”Every day in our state, on average, hundreds of people lose their jobs,” he said. "These tax increases make it harder for companies to compete, and they further depress revenue. That adds up to pressure on jobs, right in the midst of the worst economy in generations.”
According to the Colorado Technology Association, House Bill 1192 is a damaging and costly bill, saying that the legislation "will hurt our technology economy, [and] create an added price for every company who employs Colorado employees and uses software.”
"This bill will make Colorado one of only a handful of states in the nation with such costly taxation on software and the use of software, which will hurt the competitiveness of Colorado companies,” said Laura McGuire, CEO of SmartTracks, Inc., a Colorado Springs based technology company. "This will be a huge cost burden on companies and essentially is a penalty for employing people in our state. This is the worst possible time to be increasing the cost of doing business and putting pressure on jobs.”
The software tax hike is one of several tax increase bills under consideration at the State Capitol – measures that McInnis said he opposes and would veto as Governor. He had personally asked the Denver Mayor to join with him on a bipartisan basis and go to the Capitol to work to kill the measures. The Mayor declined, and has publicly refused to take a position on the tax increases.
"There is already a bipartisan coalition of lawmakers opposed to these tax hikes -- and a lot of them passed by one vote,” McInnis said. "The Denver Mayor surely could have gotten one more Democrat vote to kill these tax increases. It is a shame that he wasn’t willing to walk across the street in Denver from his office to the Capitol to stand up for high quality, high-tech jobs.”
McInnis said he will fight tirelessly for jobs as Governor, and won’t be afraid to use his veto power. ”This is not a time for ambiguity, or for sitting on the sidelines, because quality jobs are at risk,” McInnis said. "This is a bad idea that will cause real pain. If I were Governor today, I’d be getting out my veto pen to save these jobs.”