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EDITORIAL: Colorado lawmakers eye a backdoor gun tax

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EDITORIAL: Colorado lawmakers eye a backdoor gun tax


The latest attempt by ruling Democrats at the Legislature to curb Colorado gun owners comes with crocodile tears. It’s a bill requiring liability insurance for law-abiding citizens exercising their right to keep arms. HB24-1270’s mandate applies even if firearms are under lock and key in the safety of one’s home — and even if kept to protect that home.

Gun owners who fail to buy extra coverage face a $500 fine for the first offense and $1,000 the second time.

That’s right, the same “justice reform”-obsessed lawmakers who had to be publicly shamed into cracking down on auto theft last year after previously reducing it to a misdemeanor — have no problem socking it to lawful gun owners.

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And the crocodile tears? They’re shed for gun owners of modest means. According to the bill’s official summary, it “permits a person who was denied firearm liability insurance by 2 or more insurers or a person who is indigent and cannot afford the insurance to petition a court for an order declaring that the person is excused from the firearm liability insurance requirement.”

You can plead poverty, but you have to go to court first. How considerate of the authors.

There’s something about the bill that isn’t necessarily apparent from reading its text: It’s a retread. Like a local bar band covering a pop tune, Colorado’s Legislature is just recycling a proposal shopped around in state after state by national gun-control groups.

Last year, it was taken up by legislatures in California and New York. This year, it’s making the rounds in statehouses from Washington to Maryland.

It wouldn’t be far-fetched to suppose HB24-1270’s sponsors — state Reps. Steven Woodrow, D-Denver, and Iman Jodeh, D-Aurora, and state Sen. Chris Hansen, D-Denver — didn’t even bother to read their bill. They knew it was being vetted by other left-leaning legislatures.

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Yes, unfortunately, our Legislature really does work that way at times.

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Wherever it’s implemented, this copycat measure has a ginned-up premise to begin with. It seeks to solve a nonexistent problem — uncompensated damages incurred by firearms — as a cover for its true aim of creating another hurdle to legal gun ownership.

In other words, it’s gun control by another name. It also amounts to a gun tax (as well as a boon to the insurance industry).

And yet, like so many overreaching gun-control policies, it will have no real impact in reducing violence involving guns. It’s driven by dogma, not data.

Perhaps none of this should surprise Coloradans at this point given the growing voice of the ruling party’s radical fringe at the Capitol. But the optics are still problematic for the Democratic Party in live-and-let-live Colorado with its big plurality of unaffiliated voters. It’s problematic, as well, for a governor said to have his eye on the White House.

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Much of Middle America lies somewhat to the right of Colorado. Gov. Jared Polis knows that and, last year, signaled his opposition to a ban on semi-automatic weapons that ultimately failed in the Legislature.

It seems Polis doesn’t want to go too far on gun control. He also claims to be against tax hikes (more or less). This bill does both.

Perhaps Polis will make his displeasure known — if not publicly, then privately, to his fellow Democrats on the second floor at the Capitol. If they don’t kill it, he should veto it.

It would head off a new tax on the estimated 2.5 million Coloradans who keep guns at home — and safeguard his aspirations to higher office.



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Toyota Game Recap: 12/22/2024 | Colorado Avalanche

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Toyota Game Recap: 12/22/2024 | Colorado Avalanche


ColoradoAvalanche.com is the official Web site of the Colorado Avalanche. Colorado Avalanche and ColoradoAvalanche.com are trademarks of Colorado Avalanche, LLC. NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks of the National Hockey League. All NHL logos and marks and NHL team logos and marks as well as all other proprietary materials depicted herein are the property of the NHL and the respective NHL teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. Copyright © 1999-2024 Colorado Avalanche Hockey Team, Inc. and the National Hockey League. All Rights Reserved. NHL Stadium Series name and logo are trademarks of the National Hockey League.



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Colorado authorities shut down low-income housing developer

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Colorado authorities shut down low-income housing developer


The Colorado Division of Securities is pursuing legal action against a man whom it claims deceived investors and used the ownership of federally supported low-income housing projects to line his own pockets. 

Securities Commissioner Tung Chan announced its civil court filings against Michael Dale Graham, 68, on Nov. 12. 

Chan’s office filed civil fraud charges against Graham, and also asked for a temporary restraining order and freezing of Graham’s assets and his companies’. A Denver district court judge immediately granted both. Since then, two court dates to review the those orders have canceled; a third is scheduled for mid-January.

Graham operates Sebastian Partners LLC, Sebastiane Partners LLC, and Gravitas Qualified Opportunity Zone Fund I LLC (“GQOZF”), all of which were controlled by Graham during his “elaborate real estate investment scheme,” as described by the securities office in a case document.

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The filing states Graham collected more than $1.1 million from eight investors to purchase three adjacent homes in Aurora. The Denver-based Gravitas fund and its investors purportedly qualified for the federal Qualified Opportunity Zone (QOZ) program with the homes. Qualified Opportunity Zones were created by the Tax Cuts and Jobs Act passed by Congress in 2017. The zones encouraged growth in low-income communities by offering tax benefits to investors, namely reductions in capital gains taxes on developed properties.

A file photo of a suburban housing development in the Denver metro area. 

Paul Souders/WorldFoto & Getty Images


Graham formed Gravitas in early 2019 and purchased the three homes located in the 21000 block of E. 60th Avenue two years later. He quickly sold one of them with notifying investors, according to the case document. While managing the other two, Graham and Gravitas transferred the fund’s assets and never operated within QOZ guidelines to the benefit of its investors or the community, according to the state. 

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Gravitas also transferred the titles for the two properties to Graham privately. As their owner, Graham obtained undocumented loans from friends totaling almost $600,000. The two loans used the two properties as security. 

Gravitas investors were never informed of the two loans, according to the case document. Also, Gravitas never sent its investors year-end tax reports, the securities office alleges. 

Graham used the proceeds of the loans for personal use. No specific details were provided about those uses.

“Effectively, Graham used Gravitas as his personal piggy bank,” as stated in the case document, “claiming both funds and properties as his own. Graham never told investors about the risks associated with transferring title to himself. On September 1, 2023, he sent a letter to investors, stating that the properties ‘we own’ are doing well and generating growth due to record-breaking home appreciation. But Gravitas no longer owned the properties.

“Gravitas no longer had assets at all.” 

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Furthermore, the securities office said Graham failed to notify investors of recent court orders against him in Colorado and California. In total, Graham was ordered to pay more than $1 million in damages related to previous real estate projects.

Graham’s most recent residence is in Reno, Nev., according to an online search of public records. He evidently has previously lived in Santa Monica, Calif., and Greenwood Village.

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Colorado weather: Temperatures staying in the 60s Sunday

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Colorado weather: Temperatures staying in the 60s Sunday


Colorado weather: Temperatures staying in the 60s Sunday – CBS Colorado

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Watch meteorologist Callie Zanandrie’s forecast.

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