The combination of tax changes in the Build Back Better bill recently approved by the House Ways and Means Committee would result in a tax cut for the average taxpayer in all income groups except the wealthiest 5 percent in West Virginia, according to a new report from the Institute on Taxation and Economic Policy.…
Tax and Budget
WTRF - COVID-19 has taken a toll on many families. But, families who were just barely getting by are getting a boost, with the help of the expanded Child Tax Credit Program. Read the full article. Like other families, Jenny Showalter, who lives in Wheeling, knows the impact of the expanded Child Tax Credit program.…
For Immediate Release: September 14, 2021Contact: Renee Alves, 559-916-5939 Charleston, WV – In March of 2021, the American Rescue Plan Act made significant but temporary changes to the Child Tax Credit (CTC). In addition to increasing the value of the CTC and including more families in this critical support, ARPA included the flexibility for eligible families to…
Business Insider - Sen. Joe Manchin of West Virginia dug in on pushing a new requirement that parents work in order to receive the child tax credit on Tuesday as Democrats struggled to get the $3.5 trillion social spending plan over the finish line. Read the full article. "They know I feel very strongly about…
Business Insider - West Virginia Sen. Joe Manchin on Sunday floated the possibility of establishing a work requirement for people to receive the child tax credit, a program that was expanded earlier this year by President Joe Biden and Democrats in the stimulus law. Read the full article. "I support child tax credits. I sure…
Recent data from the United States Census Bureau’s Household Pulse Survey shows a significant decrease in food insufficiency immediately after households received the first advanced payment of the newly expanded Child Tax Credit (CTC), with the largest decline in hunger being among households with children. While the data is already showing the immediate benefits of…
For Immediate Release: August 3, 2021Contact: Renee Alves, 559-916-5939 Charleston, WV – West Virginia faces a pivotal moment as we begin to emerge and recover from the COVID-19 pandemic and recession. While the pandemic brought many of its own unique challenges, an important takeaway that was highlighted during COVID-19 was that there are also longstanding, structural challenges to the…
Emerging Stronger from the Pandemic: A Blueprint for an Equitable Economic Recovery in West Virginia
Foreword West Virginia faces a pivotal moment as we begin to emerge and recover from the COVID-19 pandemic and recession. While the pandemic brought many of its own unique challenges that have been addressed by prompt local, state, and government action, an important takeaway that was highlighted during the pandemic was that there are also…
West Virginia MetroNews - This weekend’s Sales Tax Holiday in West Virginia is expected to benefit a number of state residents who are hoping to save a few dollars amid the ongoing COVID-19 crisis. Read the full article. “For a family that’s struggling, that can really help,” said Sean O’Leary, a senior analyst with the West Virginia…
Mountain State Spotlight, West Virginia Public Broadcasting, Times West Virginian - On July 1, Gov. Jim Justice announced that in the 2021 fiscal year, which ended the previous day, West Virginia had a budget surplus of $413 million, topping previous expectations for the year. Read the full article. “We’re in great shape in West Virginia,” Justice…