| Gabe Evans is lying again.
This time, Evans is falsely stating that the state legislature is to blame for Colorado’s sudden $1.2 billion budget hole.
The real reason?
As fact-checked by the Colorado Sun, “the revenue reductions are caused by the big, beautiful bill alone.”
See for yourself…
The Colorado Sun: Frequently asked questions — and misunderstandings — about Colorado’s special session to close a nearly $1B budget hole
- Because of how Colorado’s state tax code is linked to the federal tax code, the [One Big Beautiful Bill Act] immediately reduced the state’s income tax collections by an estimated $1.2 billion for the current fiscal year, which began July 1.
- Colorado is one of four states that use federal taxable income to determine how much people pay in state taxes, and that have what’s known as “rolling conformity” with the federal tax code.
- Colorado’s decision to use rolling conformity with the federal tax code means that changes to the federal tax code immediately affect Colorado’s tax code.
- “Democrats’ reckless overspending is why there’s a budget shortfall and now a special session,” U.S. Rep. Gabe Evans, a Fort Lupton Republican who voted for the One Big Beautiful Bill Act, posted on social media.
- The claim doesn’t add up.
- It wasn’t Democrats in the state legislature who passed the Republican federal tax and spending bill, causing a drop in state tax collections and punching a hole in the state budget.
- The revenue reductions are caused by the big, beautiful bill alone.
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