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Hello everyone,
For the last 50 years, our economy has worked really well for the top 10% of Americans, but hasn’t worked for the rest of the country. While growing economic inequality has benefited the wealthy few, our kids have paid the highest price. The United States has some of the highest levels of childhood poverty in the industrialized world.
Last year, we decided we didn’t have to accept a world where the poorest people in our country are our children. We passed the expanded Child Tax Credit to send monthly payments to families across Colorado. Earlier this week, the Census Bureau released new data that shows that – in large part due to the expansion of the Child Tax Credit – child poverty dropped to a record low last year.
This new data proved what we already knew – that the expanded Child Tax Credit made a huge difference in the lives of Colorado families. No matter where I go in Colorado, I hear story after story from parents about the effect the expanded Child Tax Credit had on their families – helping them to put food on the table and afford child care, and relieving a little bit of the grinding stress they face every day.
As Washington takes up its agenda for the fall, my colleagues and I came together this week to make it clear that we should not extend corporate tax breaks at the end of this year without also extending the expanded Child Tax Credit. We have an opportunity to restore this transformational policy this year and continue our work to build an economy that when it grows, it grows for everyone – and that’s what I’ll keep fighting for in Washington.
Sincerely,
Michael
P.S. If you have questions about President Biden’s student loan relief plan, visit this website.
P.P.S. Next Saturday is Public Lands Day! Celebrate by joining supporters of the CORE Act on a hike through Camp Hale. Sign up here.
SUPPORTING COLORADO’S EFFORT TO IMPROVE I-70 CORRIDOR
Last week, the Colorado Department of Transportation (CDOT) received $100 million from the Bipartisan Infrastructure Law and the U.S. Department of Transportation to improve Floyd Hill and the I-70 corridor. After Secretary Buttigieg visited Floyd Hill earlier this year, Senator Hickenlooper and I urged him to deliver the funding for this critical project.
Millions of Colorado families and businesses depend on the I-70 corridor, and this grant will improve safety, mobility, and operational efficiency on I-70 from Floyd Hill to Veterans Memorial Tunnel. This project is a priority for CDOT and communities throughout the state. It is also the largest transportation project in Colorado since work began on the expansion of I-70 through Denver.
I look forward to seeing how this funding will improve safety and decrease congestion for all who travel from the Front Range to the West Slope.
(Hosting Transportation Secretary Buttigieg at I-70 Floyd Hill Bridge)
EXPANDING AND PROTECTING ROCKY MOUNTAIN NATIONAL PARK
Two years ago, Congressman Joe Neguse and I passed a bill to incorporate land donated by former NASA astronaut and Coloradan Vance D. Brand into Rocky Mountain National Park. This week, Vance’s 40-acre property officially became part of the Park. Colorado will always be grateful for Vance’s generosity and service to our state. His donation will help preserve this landscape for future generations.
CELEBRATING HISPANIC HERITAGE MONTH
There is so much to celebrate about the Latino community’s deep roots in Colorado. Colorado is literally a Spanish word, and when you travel every inch of the state, like I do, Spanish names are everywhere: Las Animas, Trinidad, Alamosa, Durango. There would not be a Colorado without the contributions of the Latino community for nearly 400 years.
This Hispanic Heritage Month, we honor the many histories and cultures of our Latino communities and their endless contributions to our state.
ENSURING SOCIAL MEDIA PLATFORMS ACT IN THE PUBLIC’S INTEREST
This week, Twitter's former head of security, Peiter Zatko, told my Senate colleagues that Twitter is "misleading the public'' about the security of their platform. Zatko's allegations, if true, raise grave questions about the company's privacy and security practices. It's another reminder that we need a federal agency to ensure digital platforms operate in the public interest, as I proposed in May.
My Digital Platform Commission Act would establish an independent body with the expertise, tools, and resources to provide common-sense oversight of tech companies that have amassed extraordinary power over our economy, democracy, and society.
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