Yesterday I traveled the state talking with members of the media about the report AFP Colorado just released. The report, Colorado in Transition: Killing the Golden Goose, details the critical economic point in which Colorado currently finds itself. The report reaches a simple but poignant conclusion: Colorado is only one generation away from becoming another California. Without an about face from the state‘s policy-makers, the state‘s business environment will be plagued by excessive taxation, uncontrollable spending, and a regulatory, health care and tort environment downright hostile to job growth.
This comprehensive 71 page report can be viewed here. One thing is for sure – this report has set off a firestorm from those who want to defend the status quo and believe that government is the answer to every problem.
Here are some key findings of the report:
* Colorado is in the midst of a political and policy pivot point of tremendous consequence that is putting Colorado‘s fiscal and economic future in serious jeopardy.
* This is the heart of the policy transformation that has gripped Colorado since 2005 and became more fully consummated in 2009: a deference toward the individual, the entrepreneur, the innovator and private citizens is increasingly being replaced by Governor Bill Ritter and the current Democrat legislature with a mindset of government control – the notion that for every problem there must be a government solution, and that government knows better how to spend our money and decide our future than do private citizens
* Studies show that Colorado‘s heretofore reform-minded direction in tort reform, health care, and education and its limits on taxes and spending have treated Colorado well. With its relatively low and predictable rates of taxation, well-educated workforce, increasingly diverse economy and attractive quality of life, Colorado can still be positioned for success, if its leaders resolve to tend to the state‘s real challenges.
* The bottom line: Colorado needs to institute pro-entrepreneurial policies that inspire innovation and ingenuity.
I hope you will take a few moments to read this report and urge your state legislators to enact pro-growth legislation that will help keep Colorado competitive.
Jeff Crank , Colorado State Director
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