State Rep. Steve King, R-Mesa County, wrote a confession to the Grand Junction Sentinel this week.
Having attacked tax relief issues 60, 61, and 101 weeks ago, he rejected many reasons given to oppose it.
He admits credit restrictions were “a result of the current recession, not a cause of it.” Yet he opposed Amendment 61, which foes say will cause another recession by limiting debt.
He wrote, “…a more efficient way to incentivize investment is to allow businesses and individuals to keep more of their earnings, enabling them to invest in their businesses as they see fit.”
Letting people keep more of their earnings is what Proposition 101 and Amendment 60 are about.
The FASTER bill doubled car registration fees last year. Opponents allege it is new money used for roads and bridges. King confessed in his letter, “FASTER did not provide a dedicated funding stream for roads and bridges. FASTER actually replaced an existing source of dedicated funding, and made the money collected from increased vehicle registrations available for non-transportation spending. FASTER took money away from roads and bridges and diverted it to pet projects. This is in exchange for higher costs on Colorado families during a recession, and the creation of several new expensive state bureaucracies.”
Ending diversion of funds from their stated purpose is one goal of all three ballot issues. Repealing tax increases in a recession is another. Reducing bureaucratic waste is a third.
Rep. King should take his own advice, publicly changing his mind, and support The Terrific Three — 60, 61, and 101.