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Rep. John Kefalas Works for Working Poor

From The Denver Post

For six years Colorado has not issued an earned income tax credit, or EITC, to those who meet the federal threshold for the credit.

The state ties its EITC to a TABOR revenue surplus, so when times are tough for the state, working families also feel the squeeze. Now that the Taxpayer’s Bill of Rights is on hold and Referendum C is in play, tax credits are not being given because doing so would reduce the revenue base on which future budgets will be derived.

Last week any chance of Colorado catching up to other states was dashed when Rep. John Kefalas, a Fort Collins Democrat, was told to keep his proposal for a 5 percent tax rebate for the working poor at home.

“The issue of a state earned income tax credit is good public policy. Colorado needs to bring it back,” Kefalas said. “We see growing income inequality, and this is one way of addressing that.”

“These are families living on the edge,” Kefalas said. “This money could make the difference, fix the car, pay a utility bill.”

Read the whole article here

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