GOVERNOR Jared Polis has proposed legislation to expedite relief payments to qualified residents.
This relief payment, known as the Colorado Cashback program, will reward qualified residents with a stimulus check of up to $800.
Polis made the news after inflation had hit nearly 8 percent. According to Marca, it is the highest index in the previous 40 years.
You must meet the following criteria to be eligible for the $400 and $800 checks:
- A full-time resident of Colorado
- Must have filed your tax return by May 31, 2022
Couples filing jointly will receive a maximum stimulus check of $800 while individual filers will receive $400
Even though Polis envisioned a check for every Colorado resident, the tax rebate stimulus check will only be available to low-income taxpayers.
In a news conference, Governor Polis said that the state of Colorado would assist those in need and pay for critical consumables and gas as inflation rises.
Read our stimulus check live blog for the latest news and updates…
-
Trillions distributed to businesses
During the pandemic, the government spent $5trillion.
Out of that $5trillion, $1.7trillion went to businesses, and below The Sun lists how the US government decided to distribute the $1.7trillion.
- $835billion: Paycheck Protection Program
- $349billion: Economic Injury Disaster Loan program
- $193billion: Loosen limits on business losses
- $85billion: Delay of employer payroll tax
- $80billion: Airlines
- $29billion: Restaurants
- $27billion: Economic Injury…
