Despite the fact that no federal legislation has been passed to give Americans a fourth stimulus check, one Democratic governor recently proposed legislation that would speed up the payment to all people who live in his state.
On Monday, Colorado Governor Jared Polis and the state’s legislature proposed the Colorado Cashback programme, which will give $400 to people who qualify this summer. This is a new idea.
The announcement by Polis comes at a time when the U.S. is seeing a rise in prices, with a report from the Labor Department showing that prices rose 8.5% in March compared to the same time last year. This is the highest increase in over 40 years.
People are having to pay more for things like gas, groceries, and rent “through no fault of their own,” New Jersey Gov. Chris Polis said in a statement on Monday. When people earn money, they should not have the government keep it.
Instead, we want to give all Coloradans their money back right away so that people can get right back on their feet and do what they want with their money.
In the announcement, the state says that it will give tax rebate checks to people who file their 2021 state taxes by May 31.
Those who file in Colorado will get $400 for a single person, or $800 for a couple who file together. Proposal: “Coloradoans will get their tax refunds by September 15, instead of in the Spring of 2023,” said a statement from Gov. John Polis’ office.
“This will give them immediate relief.” As of August or September, “everyone who is eligible for a Colorado income tax rebate will get their money in the mail.”
When Polis made the announcement, he said that the tax rebate programme would help people because of the rise in prices and the cost of living.
“Colorado’s Majority Leader Daneya Esgar said that “refunding $400 or $800 now to every taxpayer in our state will help workers and middle class families who are feeling the rising costs of everyday items.”
Exegar said, “People have to work longer and longer so they can earn enough money to pay for what they need.” In order to make our tax code more fair, we’re going to do something about it.
When you put your money back into your own pocket, it will help all parts of the state, including rural areas and those communities that are still trying to get back on their feet.”
Millions of people could get money from the fourth stimulus check.
In addition to Colorado, a number of other states have started giving residents extra money for living there.
Governors in Georgia, New Mexico, Indiana, Idaho, and New Jersey have signed into law legislation that will give some people more money after they file their taxes.