Tax and Budget

December 14, 2022 by WVCBP
New Report Examines Decade of Failed Policies to Promote Economic Growth, Provides Path Forward

For Immediate Release: December 14, 2022 Contact: Renee Alves, 559-916-5939 Charleston, WV – Prior to the pandemic, West Virginia experienced a lost decade, with essentially no economic growth from 2009 to 2019. This happened despite years of so-called business friendly policies like tax cuts, right to work, repeal of the prevailing wage, and reductions in state spending that were…

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December 14, 2022 by Sean O'Leary
State of Working West Virginia 2022: A Lost Decade and a Path Forward

Introduction Heading into the COVID-19 pandemic, West Virginia was already facing an economic crisis. The natural gas boom had fizzled, and in the months leading up to the pandemic, the Mountain State was steadily losing jobs and experiencing weak income and GDP growth. In 2019, West Virginia’s unemployment rate was 4.9 percent, the fourth highest…

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December 2, 2022 by Sean O'Leary, Kelly Allen
Temporary Severance Tax Boom Not a Reason to Cut Income Tax, But it Could Transform Coal and Gas Communities

Once again, West Virginia's budget "surplus" is being used to justify a push to reduce or eliminate the state's personal income tax. However, the state's current surplus isn’t a sign that West Virginia’s economy is uncharacteristically strong or that tax revenues are greater than is needed for the state budget; rather, it has been driven…

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November 10, 2022 by Kelly Allen
Marion County Officials Thankful for the Failure of Amendment 2

Times West Virginian, Yahoo News - Marion County officials are breathing a sigh of relief after learning that West Virginia voters rejected Amendment 2. Read the full article. Amendment 2, also known as the Property Tax Modernization Act, was intended to entice businesses to move to West Virginia by amending the state constitution to allow…

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November 9, 2022 by WVCBP
As Prices Climb, WV Families Face Hardship Without Child Tax Credit

Public News Service - Some parents said they have struggled to make ends meet after federal monthly Child Tax Credit payments of between $300 and $360 a month per child stopped last December. Without the extra cash, some West Virginians anticipate not being able to afford basic necessities as consumer goods and gas prices continue…

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November 8, 2022 by Kelly Allen
Amendments 1, 3 and 4 Move Toward Defeat

West Virginia MetroNews - Constitutional amendments were headed toward defeat as results came in Election Night. Read the full article. With more than three quarters of all precincts across the state reporting, Amendment One on impeachment powers was being voted down 219,792 to 157,161. Amendment Two, the highest profile measure about property taxes, was being…

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November 8, 2022 by WVCBP
West Virginians Vote To Protect Public Investments; Reject Tax Cuts for Big Businesses

For Immediate Release: November 8, 2022 Contact: Kelly Allen, (304)-612-4180 Charleston, WV – Kelly Allen, executive director of the West Virginia Center on Budget and Policy, released the following statement in response to the defeat of Amendments 2 and 4: “These results are a win for West Virginia workers, families, students, and teachers. Together, West Virginians rejected…

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November 8, 2022 by Kelly Allen
West Virginia Gov. Justice Celebrates Defeat of Amendment 2

West Virginia News - The people of West Virginia have spoken, Gov. Jim Justice said Tuesday evening. Read the full article. Voters overwhelmingly rejected the state’s proposed Amendment 2, according to unofficial results from the West Virginia Secretary of State’s Office. With 40 of the state’s 55 counties reporting at least partial results as of…

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