For a second year in a row, state lawmakers are focusing on cutting expenses in the form of tax and fee relief in an effort to help
DENVER — Between high costs and a shaky economy, a lot of families in Colorado are struggling to make ends meet.
The money would come through the Unemployment Insurance Trust Fund that workers and businesses pay into each year. State lawmakers debate three child-centered tax bills Many of the opponents worry about the additional financial burden this bill will place both on employers who are still recovering from the COVID pandemic and paying higher premium rates into the UI fund as it is. They are concerned that further reductions to the UI fund as employers work to bring the fund back into solvency.
Meanwhile for the child tax credit, starting in 2024 the credit amount would be increased based on the taxpayer’s filing status and income. The percentage the filer could claim would increase by roughly 10% in each earning bracket. “What has been done so far at a federal level also was credited with lifting over 5.6 million people out of poverty, including 3 million children. So, this is one of the most effective measures that we can take to encourage work, and also lift people out of poverty,” Bird said. “The hopes that I have for this bill is that Colorado will be strengthening its social safety net and really being a partner to families who are working hard trying to make ends meet.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Big 12 expansion prediction: Arizona, Arizona State, Colorado, Utah to join conferenceHow serious is the speculation surrounding expansion for the Big 12? One college insider has an interesting prediction involving Pac-12 schools.
Baca lebih lajut »
Oumar Ballo has career-high 16 rebounds in Arizona Wildcats' 78-68 win over ColoradoArizona had five early turnovers but none in the last 15 minutes of the first half.
Baca lebih lajut »
Ballo dominates inside, No. 8 Arizona beats Colorado 78-68Oumar Ballo had 18 points and 16 rebounds, Cedric Henderson Jr. added 15 points and No. 8 Arizona dominated inside to beat Colorado 78-68 on Saturday night.
Baca lebih lajut »
Oumar Ballo has career day as Arizona basketball tops ColoradoOumar Ballo had 18 points and a career-high 16 rebounds to lead Arizona to a 78-68 win over Colorado Saturday at McKale Center.
Baca lebih lajut »
Watch: The best things Tommy Lloyd said after No. 8 Arizona's win over ColoradoHear what Tommy Lloyd had to say following the Arizona Wildcats' win over Colorado.
Baca lebih lajut »