Taxes

July 15, 2019 by Ted Boettner
It’s Not Too Late to Fix Our Future

A recent article in Vox by David Roberts highlights how a coal mining bust in Wyoming is resulting in "vulture capitalism" as investors buy up bankrupt coal mines while coal executives receive large bonuses and the communities in Wyoming struggle with thousands of laid off workers, lost pensions, environmental degradation, and an undiversified economy. This…

Read More
May 29, 2019 by Sean O'Leary
Five Major Federal Tax Credit Proposals and What They Would Mean for West Virginia

Lawmakers in Congress have recently announced five different proposals to either expand existing tax credits of create new ones. While each proposals has its differences, each one would also benefit low- and moderate-income people, particularly in West Virginia. Low- and middle-income West Virginians would see much greater benefits under any of the tax credit proposal…

Read More
April 15, 2019 by Jessie Ice, Kelly Allen
The Working Families Tax Relief Act Would Raise Working People’s Income and Address Issues of Child Poverty

Working families with low- and moderate-incomes often struggle to keep afloat  and many childless adults are often taxed into poverty. On April 10, 2019, Senators Sherrod Brown, Michael Bennet, Richard Durbin, and Ron Wyden introduced the “Working Families Tax Relief Act” that aims to expand both the Earned Income Tax Credit (EITC) as well as…

Read More
March 29, 2019 by Sean O'Leary
Natural Gas Property Tax Case Could Costs Local Governments Millions

The State Supreme Court heard several cases earlier this month on oil and natural gas property taxes that could have a significant impact on local government and school district finances, and also potentially impact the state budget. At issue is how the State Tax Department calculates production expenses on natural gas wells. When valuing oil and…

Read More
March 1, 2019 by Sean O'Leary
Will a Severance Tax Cut Put Coal Miners Back to Work? (Probably Not)

On Crossover Day, the West Virginia House of Delegates passed two bills that have the intended purpose of boosting coal production and putting coal miners back to work. Unfortunately, they chose to do so in a very ineffective and expensive way, through cuts and rebates to the severance tax. HB 3142 would cut the severance…

Read More
February 21, 2019 by Jessie Ice
A Modest Investment with Big Returns: A State EITC for Low-Income Working Families in West Virginia

Making ends meet is a struggle for many West Virginians employed in lower-wage jobs. In fact, 23% of workers in West Virginia are employed in low-wage jobs and a quarter of those live in poverty. People working in their communities as daycare workers, restaurant servers, home health aides, administrative assistants, and many other lower-income jobs deserve to be able to…

Read More
January 31, 2019 by Ted Boettner
Taking Inventory: The Impact of Exempting Business Personal Property Taxes in West Virginia

For years some lawmakers have pushed for eliminating or greatly reducing property taxes on business personal property. The result could mean shifting tax responsibilities onto people, more reductions in vital services such as schools, or a combination of both. During the 2019 Legislative Session, there have been two proposals for a constitutional amendment to eliminate or…

Read More
January 24, 2019 by Ted Boettner
Fixing the Social Security Tax Bill with a Bottom-Up Tax Cut for Working Families

In his State of the State address, Governor Jim Justice proposed the elimination of the personal income tax on Social Security income. Justice's proposal, S.B 342, would completely exclude Social Security benefits from the state income tax, similar to how the state treats military retirement income. While this is being touted as a "middle class"…

Read More