July 14, 2024

Rocky Daily News

Colorado Politics-Sports-Business-Weather

Colorado Democrats use special session to steer tax relief toward working poor

1 min read

<

Colorado Democrats tried tax relief the governor’s way. Now they’re doing something closer to what progressives actually want.

The Colorado House of Representatives on Saturday passed a measure largely along party lines that would double a state tax credit for low-income working families for one year, a key piece of Democrats’ plans to redistribute tax breaks from higher earners to those in financial need. The measure would redirect $185 million that would otherwise be refunded to all Coloradans under the Taxpayer’s Bill of Rights.

“It ensures that we are targeting necessary relief to the people who need it the most,” said Rep. Jenny Willford, D-Northglenn, one of the bill’s sponsors.

The proposal — and its lockstep opposition from conservatives —…

Brian Eason

2023-11-18 12:26:57

All news and articles are copyrighted to the respective authors and/or News Broadcasters. RockyDailyNews.Com is an independent Online News Aggregator


Read more from original source here…

Leave a Reply