Tax Relief

Jared Polis, governor of Colorado, is pushing for “substantial and in depth tax breaks” within the state of Colorado deal with

(The Center Square) – Colorado Governor Jared Polis delivered his third state address on Wednesday. He highlighted the state’s efforts to ease pandemic and put forward a roadmap for economic recovery that includes more tax breaks.

Polis’ speech was delayed along with that Legislative period 2021which initially lasted three days in January before being temporarily adjourned until Tuesday when the General Assembly convened again.

“As Coloradans, we are facing difficult times and we will overcome them together,” said the governor.

Polis said the state’s recovery “begins with investments that create good jobs and give our economy a boost that will help us recover faster and stronger.”

The state has seen more than 800,000 new jobless claims filed since the The COVID-19 pandemic started in March 2020.

The governor made several tax proposals that would provide tax breaks and aid the state’s economic recovery.

These proposals include the abolition of business tax, which will protect businesses “from burdensome and costly tax requirements”.

Polis also said he plans to double the earned income tax credit and stop taxing social security benefits for seniors.

“All of this along with the voter-approved reduction in state income taxwill provide the most substantial and comprehensive tax break in decades for hardworking coloradans and small businesses, ”said Polis.

The governor also pledged to work with lawmakers to accelerate the electrification of electric vehicles, reduce emissions and fund transportation.

Speaking on education, Polis said personal learning is needed for children, but “we need it for Colorado mothers and fathers too.” He added that he supported bipartisan efforts “to make funding fairer and more student-centered for everyone.” Child from Colorado Has a Chance to Succeed “.

Related Articles