One of Governor Jim Justice's proposals in his Fiscal Year 2018 Executive Budget was to tier the state's severance tax on coal and natural gas. Rather than the current flat 5 percent of production value, a tiered severance tax rate would adjust based on the price of coal or natural gas. While the budget document…
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Governor Jim Justice has not introduced any tax measures yet, but in his State of the State Address and his executive budget there are plans to enact several tax increases to close the Fiscal Year 2018 budget gap of $500 million and address the state's declining road fund that pays for highway construction, maintenance, and road…
Senate leadership introduced SB 335 which would would abolish the personal income tax and sales and use tax, phase out the corporate income tax, lower the severance tax, and replace these taxes with an 8 percent broad-based general consumption or sales tax. While it is unclear whether this tax shift would be revenue neutral, it would…
This Gazette-Mail piece reports on a new West Virginia Center on Budget and Policy issue brief on what eliminating the state's income tax would mean for West Virginia. The brief shows a reduction or elimination of the state's income tax is not a surefire way to generate economic growth and the change in tax structure…
Register now! Panelists include: Senate Finance Committee Chair Mike Hall Nick Casey, Chief of Staff for Governor Jim Justice Delegate Matt Rohrbach Sponsorships available and all come with tickets to the event.
Previous data shows that a repeal of the Affordable Care Act will more than double the number of uninsured people in West Virginia. Read. A new report by the Economic Policy Institute looks at a repeal's impact on employment. It estimates how the combination of tax cuts and spending cuts will affect employment across the…
A recent WVCBP report looked at many of the people who could lose health coverage from the repeal of the Affordable Care Act - including small business workers and those working in various industries. Last week, the Urban Institute released state fact sheets with more demographic information on this population - with details on income, age, race,…
U.S. Senators Shelley Moore Capito (R-W.Va.), Bill Cassidy, MD (R-La.), Susan Collins (R-Maine), and Johnny Isakson (R-Ga.) unveiled the outline of the Patient Freedom Act of 2017, a one-page document describing a proposed legislative approach that could follow the repeal of the Affordable Care Act. However, the proposal raises serious questions and leaves important questions unanswered. Based…
We know that repealing the Affordable Care Act will increase the number of uninsured Americans by tens of millions. We also know it will significantly raise premiums for people who purchase health insurance in the individual market (people without employer-based health insurance and who are not eligible for Medicaid or Medicare). Read. Members of Congress…
Yet another analysis confirms the potential harm of repealing the Affordable Care Act. The Congressional Budget Office and the Joint Committee on Taxation examined the impact of the repeal bill passed by Congress in 2015 and 2016 (H.R.3762). Tens of Millions Would Lose Health Care Quickly - 18 million more people would be uninsured in…