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Lawmakers Considering Sending Tax Rebates From Alabama Using Budget Surplus – Darlinez News.

<p> &lbrack;ad&lowbar;1&rsqb;<br &sol;>&NewLine;<&sol;p>&NewLine;<div>&NewLine;<div class&equals;"entry-content column content primary is-two-thirds">&NewLine;<div class&equals;"" style&equals;"padding-bottom&colon; 10px&semi;">&NewLine;<div class&equals;"">&NewLine;<p>&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<span class&equals;"tag is-dark is-uppercase">Economy<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;p>&NewLine;<div class&equals;"byline-container">&NewLine;<div class&equals;"post-date is-italic has-text-grey is-size-7 has-text-weight-medium ">&NewLine;<p>January 13&comma; 2023 10&colon;07 pm<&sol;p>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<p>Alabama lawmakers are considering sending tax rebates to taxpayers as the state witnesses a massive budget surplus of more than &dollar;2&period;7 billion&period; If what lawmakers are considering materializes&comma; eligible taxpayers could get up to &dollar;500 in tax rebates from Alabama&period;<&sol;p>&NewLine;<h2>Tax Rebates From Alabama&colon; Who Could Get Them And How Much<&sol;h2>&NewLine;<p>Alabama’s budget that funds education has a &dollar;2&period;7 billion surplus&comma; while the state general fund has a surplus of &dollar;351 million&period; Lawmakers have been discussing ways to use this budget surplus&period;<&sol;p>&NewLine;<p>Sen&period; Arthur Orr&comma; who chairs the Senate education budget committee&comma; said that lawmakers and Gov&period; Kay Ivey are working on a proposal that could include sending tax rebates to taxpayers&period; Additionally&comma; the proposal is expected to include tax cuts and setting aside money for reserves as well&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We believe&comma; after we take care of state government&comma; at least on the education side&comma; we have enough to send back to the people of Alabama who sent it to us in the first place&period; In addition to that&comma; with the economy and with inflation&comma; they’re struggling&comma; and so this would be a small manner of relief to them&comma;” Orr said&comma; according to the Associated Press&period;<&sol;p>&NewLine;<p>Orr noted that lawmakers are considering setting aside about &dollar;500 million to send as tax rebates from Alabama&period; The rebate amount would depend on the eligibility criteria set by the lawmakers&comma; but Orr noted that lawmakers are considering sending at least &dollar;200 or &dollar;250 to individual files and &dollar;400 or &dollar;500 to couples filing jointly&period;<&sol;p>&NewLine;<h2>Other Possible Uses Of Surplus Money<&sol;h2>&NewLine;<p>Apart from sending these tax rebates&comma; Alabama lawmakers are also considering tax cuts&comma; as well as adding money into reserves&comma; said Sen&period; Orr&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;I think everyone realizes this is a one-time phenomenon having a surplus like this&comma; and we need to put money back because the economy is getting tighter and tighter&comma;” Sen&period; Orr said&period;<&sol;p>&NewLine;<p>Some lawmakers&comma; however&comma; believe the surplus could be used for other purposes&comma; such as Medicaid&period; According to the Kaiser Family Foundation&comma; Alabama is one of 11 states that hasn’t yet expanded Medicaid as allowed under the Affordable Care Act&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;I think the citizens would get more out of an expansion of Medicaid than they would a one-time check to be able to spend&comma;” Senate Minority Leader Bobby Singleton said&period;<&sol;p>&NewLine;<p>Democratic lawmakers have long been calling for the expansion of Medicaid&comma; arguing that the expansion would bring health care coverage to over 300&comma;000 people&period; Republicans&comma; however&comma; have opposed the expansion so far&period;<&sol;p>&NewLine;<p>Further&comma; Singleton noted that housing assistance for low-income families is another area of need&period;<&sol;p>&NewLine;<p>Sen&period; Greg Albritton&comma; who chairs the Senate general fund budget committee&comma; said his priority is to ensure the reserves are enough to ensure there are no budget cuts during an economic downturn&period;<&sol;p>&NewLine;<p>Sen&period; Albritton noted that tax rebates from Alabama will &OpenCurlyDoubleQuote;be on the table&comma;” but would want lawmakers to put the education surplus in a trust to fund scholarships&period;<&sol;p>&NewLine;<p><i>This article originally appeared on ValueWalk<&sol;i><&sol;p>&NewLine;<p>&Tab;&Tab;&Tab;&Tab;<&excl;-- &num;post-footer--><&sol;p><&sol;div>&NewLine;

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