Tax and Budget

October 8, 2024 by Kelly Allen
Legislative Majority Came Around to Lower Tax Cut Because of Proposals to Reduce Spending

West Virginia MetroNews - Lawmakers who wanted more specifics before buying into another income tax cut said they finally heard enough detail to feel confident. Read the full article. Others questioned whether the reduced spending to balance out the tax cut will shortchange state programs meant to support childcare and child welfare. Gov. Jim Justice’s…

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October 7, 2024 by Kelly Allen
The 5% Tax Cut Proposed by Governor Justice is Shifted to 2% Instead

West Virginia MetroNews - Gov. Jim Justice added several items to the call of the special legislative session, including a bill that would shift a proposed personal income tax from the 5% that the governor has touted to a 2% tax cut instead. Read the full article. After lawmakers received the tax cut bill, members…

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October 2, 2024 by Sean O'Leary
September Collections Throw Cold Water on New Income Tax Cut Proposal

A weak September for General Revenue collections underscored the heavy price of 2023's tax cuts on the state's budget and should serve as a warning against Governor Justice and lawmakers moving ahead with even deeper cuts to revenue. Weak September Numbers September General Revenue collections totaled $567.7 million, which is $104.4 million below September 2023's…

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September 26, 2024 by Tamaya Browder
Hope Scholarship Expansion Threatens Public Education, Communities Already Under Strain

Overview In 2021, the West Virginia Legislature established the Hope Scholarship Program, which proponents refer to as an “education savings account” (ESA), but is more accurately described as an expanded school voucher. Recipients of the scholarship can apply the funds toward a variety of costs including but not limited to tuition, fees, tutoring services, transportation,…

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September 26, 2024 by Sean O'Leary
‘They Make It Up Somewhere’: Weighing Costs, Benefits, of Personal Income Tax Cuts

Charleston Gazette-Mail, Huntington Herald-Dispatch - Personal income taxes — and the consequences of cutting them — have been a source of recurring debate across the Mountain States for longer than Gov. Jim Justice has been in office. But Justice’s desire to cut them by an additional 5% has resurrected the topic. Read the full article.…

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September 26, 2024 by WVCBP
Lawmakers Must Focus on Economy

Wheeling Intelligencer, The Intermountain - We are months away from the next regular session of the West Virginia Legislature, but the West Virginia Chamber of Commerce’s 2024 Campaign for Jobs Digest includes some ideas about what lawmakers should prioritize. (Hint: It’s not incredibly archaic socio-cultural agendas.) Read the full article. Economic issues are still a…

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September 24, 2024 by WVCBP
W.Va. Needs Workforce, Education Improvements, Say Economists

West Virginia Public Broadcasting, River Cities Tribune and Register, West Virginia News - West Virginia continues to struggle in key economic areas, according to new data from the West Virginia Chamber of Commerce. The business group says the years-long trend requires policy solutions. Read the full article. Between 2013 and 2023, West Virginia was one of just…

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