Blog

April 23, 2012 by Sean O'Leary
Job Killing Medicaid Cuts in the Ryan Budget

West Virginia could lose tens of thousands of jobs over the next five years if Congress enacts the major cuts to Medicaid as proposed by Rep. Paul Ryan and passed by the House of Representatives last month. According to a report from the Economic Policy Institute, the $544 billion in Medicaid cuts in the Ryan Budget over…

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April 13, 2012 by Sean O'Leary
Low-Wage Workers More Educated Today

Here is an interesting, if troubling blog post from the Center for Economic and Policy Research. The post shows that low-wage workers (those making less than $10.00 an hour in 2011 dollars) are becoming more educated.  In every state across the country, low wage workers are more educated than they were thirty years ago, meaning that…

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April 12, 2012 by Sean O'Leary
Stamping Plant to Reopen – What Does It All Mean?

The big news yesterday was that the South Charleston stamping plant has been leased by Gestamp, a Spanish automotive stamping company. According to reports, Gestamp could eventually employ 700 workers. Gestamp chose South Charleston for several reasons, but mainly it was because the plant already contained necessary stamping equipment which allows it to be occupied immediately. The…

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April 6, 2012 by Ted Boettner
West Virginia Taxes Poor Families Further into Poverty

Over the last 20 years, West Virginia has made substantial progress in reducing the state income taxes paid by families living in poverty. In 1990, the state income tax threshold (the point at which residents begin to pay state income taxes) on families of four living at the federal poverty line was $8,000 compared to…

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April 3, 2012 by Ted Boettner
Lack of Housing Bubble Made WV Recession Less Severe

Our friends at the CBPP have released a new report today debunking the "Texas economic miracle" of the Great Recession. The report lists several factors for why Texas has weathered the recession better than most states. Two of these factors, including a lack of a housing bubble and above average employment in natural resource extraction,…

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March 23, 2012 by Sean O'Leary
More on Coal Prices

Earlier this week, Ted blogged about coal prices, and suggested that coal prices are not strongly influenced by state policy, and instead are set regionally. This would mean that differences in state taxes on coal production do not play a large role in the price of coal. The below chart shows the average price of coal for West…

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March 20, 2012 by Sean O'Leary
Federal spending slows, so why the deficits?

In the debate over the federal government's recent budget deficits, many are arguing that government spending over the last couple of years has been out of control. However, the numbers show that is just not true.   This chart looks compares the average annual growth rate of government spending by decade since the 1950s. And as…

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March 18, 2012 by Ted Boettner
State Action and Coal Prices (Wonky)

Robert Semple writes convincingly that gas prices are not set by Presidents, but are set in a global market, and that they are beyond the control of any one country.  As Dean Baker pointed out last week,  "Oil prices in the United States depend on the world market, not just supply and demand in the…

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March 15, 2012 by Sean O'Leary
Taxes and Business Location – The Cracker Test

Today's news that Shell Oil Company has chosen a site in Pennsylvania as the location for their new cracker facility comes after months of competition between PA, WV, and OH over which state would land the cracker, with each state offering a variety of incentives. (A "cracker facility" converts ethane from natural gas liquids into more profitable chemicals…

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March 14, 2012 by Ted Boettner
Permanent Mineral Trust Fund: When Would It Be Fully Operational?

Yesterday, our sister group in Kentucky - the Kentucky Center for Economic Policy - released a report advocating the creation of a coal severance tax trust fund. As readers know, this is something we've been pushing in West Virginia for over two years. So, it is great news to read that the idea is being…

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