How Democrats are using Colorado’s special session to steer tax relief toward the working poor – By Brian Eason (Colorado Sun) / Nov 18, 2023
The legislature’s majority is pushing to redirect $185 million in state taxpayer refund money to expand the Earned Income Tax Credit, a refundable tax break that primarily benefits low-income workers with children
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.
CONTINUE > https://coloradosun.com/2023/11/18/colorado-earned-income-tax-credit-special-session/
