Tax and Budget

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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November 5, 2022 by WVCBP
Justice Urges Voters to ‘Get Serious’ in Opposing Amendment 2

The Inter-Mountain, Wheeling Intelligencer - West Virginia Gov. Jim Justice says it’s time to “get serious” and think about what might happen if Amendment 2, “The Property Tax Modernization Amendment,” passes in next week’s general election. Read the full article. If approved, the measure would give the West Virginia Legislature authority to exempt machines and equipment directly used in…

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November 4, 2022 by Seth DiStefano
West Virginia Office of Budget Control Talks Amendments 2 & 4

WSAZ - Election day is less than a week away, and there has been a lot of buzz about a couple items on the ballot in West Virginia. Watch the full segment. Seth DiStefano with the West Virginia Office of Budget Control stopped by First Look at Four to talk about Amendments 2 & 4.

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