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Day two of David Pecker testimony wraps in NY Trump trial; Supreme Court hears arguments on Idaho's near-total abortion ban; ND sees a flurry of campaigning among Native candidates; and NH lags behind other states in restricting firearms at polling sites.

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The Senate moves forward with a foreign aid package. A North Carolina judge overturns an aged law penalizing released felons. And child protection groups call a Texas immigration policy traumatic for kids.

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The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken and a new federal rule aims to put the "public" back in public lands.

Group: A Good Way to "Earn Credit" for Boosting CO Economy

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Tuesday, January 22, 2008   

Denver, CO - They say it could be like a good, strong cup of coffee for Colorado's economy. With all the talk in Washington, D.C., about ways to stimulate the slumping national economy, proponents of an earned income tax credit (EITC) at the state level say it could provide a much-needed boost for many households in the Centennial State.

Colorado Fiscal Policy Institute's Adela Flores-Brennan is among the EITC proponents; she explains the impact of the credits.

"It helps low-income families with immediate needs, such as groceries and school supplies and car repairs, and it goes right into the local economy because people are turning around and spending it right away. They're going to probably get their tax return sometime in the winter months, and that can really help offset heating costs."

The CFPI and other groups are working with lawmakers, including State Representative John Kefalas, to introduce legislation making the state EITC available to all Coloradans who receive the federal credit. Flores-Brennan believes that combination can make a big difference.

"The average is about $1,600 federal and $160 state. It doesn't sound like a lot of money, but for people who are struggling, $160 is a pretty significant amount."

Currently, Colorado's EITC is only distributed when there is a TABOR surplus, which hasn't happened for the last several years. Twenty-two other states have a state EIC in place. President Bush has said that his economic stimulus package would include one-time federal tax credits, with the goal of an immediate boost for the nation's economy.




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