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Biden administration moves to protect Alaska wilderness; opening statements and first witness in NY trial; SCOTUS hears Starbucks case, with implications for unions on the line; rural North Carolina town gets pathway to home ownership.

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The Supreme Court weighs cities ability to manage a growing homelessness crisis, anti-Israeli protests spread to college campuses nationwide, and more states consider legislation to ban firearms at voting sites and ballot drop boxes.

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Wyoming needs more educators who can teach kids trade skills, a proposal to open 40-thousand acres of an Ohio forest to fracking has environmental advocates alarmed and rural communities lure bicyclists with state-of-the-art bike trail systems.

Working Dads Get Father's Day Gift

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Monday, June 22, 2015   

DENVER – Working dads got an unexpected Father's Day gift this year, and for years to come.

Thanks to a Colorado law that sets a threshold for money collected by the state, a permanent statewide Earned Income Tax Credit was triggered on Friday.

Ali Mickelson, director of tax and legislative policy at the Colorado Fiscal Institute, says a combined federal and state credit will reward low and moderate-income workers by boosting their tax refunds, and that means more money going into families' pockets.

"We're excited about the Earned Income Tax Credit on Father's Day because we know that 177,000 working fathers receive this benefit, and it can be on average $2,000 to up to $6,000 per family, so that's a pretty big Father's Day gift," she says.

Mickelson notes the tax credit will help middle class families hit hardest by the recession who, despite the economic recovery, still are struggling to make ends meet.

The credit only is available to workers who earn up to a maximum of slightly more than $53,000 a year for a family with three or more children.

Mickelson points to studies showing how boosting a family's earnings by just $1,000 a year through these credits increases the probability of a child going to college and earning higher wages as an adult.

She says it also leads to healthier families, improves neighborhoods, and has a big impact on the local economy.

"When you add the state credit, which is 10 percent of the federal, that's an additional $77 million, and this is money that's spent locally,” she points out. “So it really has a big economic impact in our Colorado communities."

Mickelson says military families, working moms and families living in rural Colorado will all benefit from the credit.

She adds, historically, the tax credit’s rewarding-work philosophy has been popular across party lines, supported by conservatives such as Presidents Richard Nixon, Gerald Ford and Ronald Reagan.







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