Colorado lawmakers head back to the Capitol on Thursday for a special session, and many are divided on how to address the budget shortfall.

They need to come up with $750 million to cover this year's expenditures after the passage of President Trump's "Big Beautiful Bill". The bill lowered taxes for businesses and individuals, resulting in less revenue for Colorado, which is one of only four states that use federal taxable income to determine how much people pay in state taxes.

Lawmakers have already filed more than two dozen bills, but they are limited in scope. Gov. Jared Polis sets the parameters for the special session, and since the law allows him to decide what to cut, he directed lawmakers to increase tax revenue. But the two parties have very different ideas for how to do that.

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