Governor Wants to Accelerate Payments on Stimulus Checks

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While no federal legislation has been introduced to provide Americans with a fourth stimulus check, one Democratic governor recently announced legislation that will expedite payments to all eligible state residents.

Colorado Governor Jared Polis and the Colorado Legislature proposed the Colorado Cashback program on Monday, which will provide eligible residents with a $400 payment this summer.

 

 

Polis’ announcement comes amid a rise in inflation across the United States, with the Labor Department reporting that inflation increased by 8.5 percent in March compared to the previous year, the highest increase in more than 40 years.

Checks for Stimulus

On Monday, Colorado Governor Jared Polis announced that eligible state residents will receive a $400 tax rebate this summer. Above, economic stimulus checks are seen on May 8, 2008, at the Philadelphia Financial Center in Philadelphia.

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“Through no fault of their own, people are paying more for everyday items like gas, groceries, and rent,” Polis said in a statement on Monday. “Rather than the government sitting on money earned by Coloradans, we want to give everyone cash as quickly and easily as possible to provide immediate relief and empower people to do whatever they want with their money.”

According to the announcement, the state will issue tax rebate checks to eligible residents who file their 2021 state tax returns by May 31.

“The Colorado Cashback is a one-time payment of $400 for a single filer and $800 for a joint filer. The proposal being introduced in the legislature will provide Coloradans with immediate relief by providing tax refunds by September 15 of this year, rather than the Spring of 2023 “Polis’ office issued a statement. “In August or September, all eligible Colorado income tax filers will receive their rebate directly in the mail.”

Polis cited the “impacts of inflation and the cost of living” as reasons for the tax rebate program in his announcement.

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Daneya Esgar, Colorado’s Majority Leader, praised the Cashback program, saying, “Refunding $400 or $800 now to every taxpayer in our state will immediately help workers and middle-class families who are feeling the rising costs of everyday items.”

Esgar went on, “People are working harder and harder to earn enough money to meet their basic needs. We recognize this and are taking action to make our tax code more equitable. Putting your money back in your pocket will benefit all areas of the state, including rural Colorado and communities that are still recovering.”

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Several other states, in addition to Colorado, have taken steps to provide residents with additional economic benefits. Governors in Georgia, New Mexico, Indiana, Idaho, and New Jersey have signed legislation that will provide more money to eligible residents after they file their tax returns.

Polis’ office was contacted for comment by Newsweek.

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