Lee Schalk

Posted November 14, 2013

While New Jersey and Virginia gubernatorial races dominated headlines last week, the most fascinating election story wasn’t on the East Coast. It was in Colorado, where Michael Bloomberg and Bill Gates chipped in millions to fund a $1 billion income tax hike campaign, only to see it handily defeated by nearly a 2-1 margin—proof that the threat of a massive tax hike can transform a moderate electorate into a throng of fiscal conservatives.