Tag: IRS Policy

By Jen Schumann | Rocky Mountain Voice They built the grid. Now they’re fined for surviving. Colorado coal workers plead for relief amid forced transition fallout. In Craig, a coal worker with $60,000 in retirement savings could lose $6,000 of it overnight—just for trying to survive after losing his job. That’s the reality hundreds of families are facing in Northwest Colorado, where coal plants and mines are shutting down years ahead of schedule and federal tax law is punishing livelihoods already in freefall. Now, the Associated Governments of Northwest Colorado (AGNC) and the City of Craig are calling on Congress to change that. The two entities are urging passage of the Energy Worker Penalty Waiver Act, a federal bill that would exempt displaced coal workers from the standard 1...