While the COVID-19 pandemic created havoc in the state's economy over the past year, the state's revenue collections have exceeded expectations. West Virginia ended FY 2021 with total general revenue collections of $4.989 billion, which is $413 million above the original estimates for the year. And while Governor Justice celebrated the revenue report as being…
Tax and Budget
Public News Service - The latest poll by Americans for Tax Fairness found rural voters overwhelmingly support the idea of corporations and the wealthy paying more taxes, or as it's often put, "their fair share." Read the full article. The American Jobs Plan includes several tax-code changes for only the highest-income Americans, many of whom now pay little or…
WCHSTV - The expansion of the Child Tax Credit program will benefit hundreds of thousands of West Virginia families, with 94% of children eligible. Read the full article. More than 345,000 West Virginia families should expect tp see an extra check in their mailboxes or bank accounts on July 15 from the federal government. Earlier…
West Virginia MetroNews - Gov. Jim Justice is pleased with how state government has ended the fiscal year. Read the full article. “We’re in great shape West Virginia,” the governor said during a briefing today. Figures released today by the state Senate Finance Committee show that state government exceeded original revenue estimates by $415 million.…
346,000 West Virginia Children Eligible to Receive First Monthly Child Tax Credit Payment Next Month
For Immediate Release: June 21, 2021Contact: Kelly Allen or 304-612-4180 Charleston, WV - The White House declared today “Child Tax Credit Awareness Day” to raise knowledge and awareness about the transformative improvements to the Child Tax Credit (CTC) approved as part of the American Rescue Plan Act (ARPA). The CTC provides much-needed relief to families, boosting opportunity and improving…
Charleston Gazette-Mail - West Virginia’s bridges, dams, drinking water, roads and wastewater have received a D grade from the American Society of Civil Engineers, and 24% of the state’s residents live in a broadband desert. Furthermore, 54% live in a child care desert and 19% of children in the state live in poverty. Read the…
Beckley Register-Herald - For a state that has given much to build this nation of steel, laboring in the coal mines all these years, it is frustrating to watch West Virginia’s two U.S. senators stand in the way of the Biden administrative plan to repay a portion of that debt. Read the full article. Yes,…
Last month, President Biden announced the American Families Plan (AFP) proposal, featuring major investments in K-12 education, child care, higher education, health care, and paid leave, as well as extended tax cuts for families and workers with children. The AFP also includes revenue-raising proposals that would affect only very high-income taxpayers. And while the benefits…
The American Families Plan framework as outlined by the Biden Administration represents the single biggest investment in the economic security of workers and families since FDR’s New Deal. Two specific policies, permanent expansions of both the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC), will directly increase the household incomes of hundreds of…
WOWK - On Inside West Virginia Politics, Seth DiStefano from the West Virginia Center on Budget and Policy office says he supports President Joe Biden’s infrastructure plan, which affects the Child Tax Credit and Earned Income Tax Credit. Watch the full segment. “When it comes to West Virginia kids and West Virginia working families, there…