Tax cuts have been good for Colorado economy | AspenTimes.com

Tax cuts have been good for Colorado economy

Our family now has the fourth generation of working Colorado residents. We have a rich family history in all generations that, when working in this great city of Denver, one of the best things you can do is to get involved and give back to the community. Denver has been blessed with generations of civic minded citizens which become the key to a vibrant and flourishing city.

It is far tougher to give back when the economy is struggling and money is tight, as the people of Colorado knew all too well less than a decade ago. Thankfully, for the time being, a struggling economy is in the rearview mirror.

There are a variety of dynamics that assist in a thriving economy. I believe that the federal tax cuts were one of those important components. Colorado unemployment is well below the national average and Denver has not experienced such a stellar labor market in over a decade.

Personally, as a developer and homebuilder, the tax cuts have been an important component to our business by expanding the number of people who can purchase homes. Downstream benefits include expansion of our own business as well as new system wide employment opportunities combined with the depth and breadth of commodity and material purchases which all further expand the economy.

By putting more money in the pockets of small businesses and individuals, Congress was, in turn, investing in our communities as some of those dollars will find their way to worthy causes.

Buz Koelbel

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Denver

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