Taxes

January 15th, 2019 by
Analysis: Business Property-Tax Cut Wouldn’t Bring Jobs

Public News Service - The governor and legislative leaders again are considering repealing the personal property tax for businesses. Read full article. But according to the West Virginia Center on Budget and Policy, it's unlikely to bring job growth. Last year, lawmakers looked at ending that tax on inventory, machinery and equipment. Sean O'Leary, a senior…

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December 26th, 2018 by
A Severance Tax Cut Would Be Coal in West Virginia’s Stocking

One year after celebrating the repeal of the Clean Power Plan, the West Virginia Coal Association, apparently unhappy with the results of the "most impactful decision to date for the nation’s energy security and stability," is back asking for more, once again calling for a reduction in the coal severance tax. The Coal Association argues that…

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November 20th, 2018 by
State Tax Policy Can Advance Racial Equity

Earlier this month, a report from the Institute on Taxation and Economic Policy showed how the federal tax cut bill signed last year by President Trump exacerbated the growing racial wealth gap in the country. By gearing the bulk of its tax cuts to the very wealthy, who are overwhelmingly white, the Tax Cuts and…

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October 30th, 2018 by
West Virginia Cities Benefit From Online Sales Taxes Too

On October 1, the West Virginia Tax Department issued guidelines and outlined intentions to start collecting sales taxes from remote internet retailers on January 1, 2019. As Charleston Gazette-Mail reporter Phil Kabler recently noted, this was a sharp policy shift. Nearly four months ago, Governor Justice proclaimed he had no intentions to allow the state to collect online sales taxes and that,…

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October 18th, 2018 by
West Virginia’s Tax System Contributes To Inequality

State and local tax systems can be effectively used to boost economic opportunity, create broadly shared prosperity and build equitable state economies. But in most states, including West Virginia, tax systems are upside down and are making inequality worse, as a new report from the Institute on Taxation and Economic Policy (ITEP) shows. The ITEP report examines the state…

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October 17th, 2018 by
Who Pays? 2018

The lowest-income West Virginians pay 21 percent more in taxes as a percent of their income compared to the state's wealthiest residents, according to a new study released today by the Institute on Taxation and Economic Policy (ITEP) and the West Virginia Center on Budget and Policy. The study, Who Pays? A Distributional Analysis of the Tax Systems in…

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September 18th, 2018 by
Don’t Double Down on Failed Federal Tax Cuts

House Republicans and President Trump are hoping to pass a second-round federal tax cuts that are aimed at giving more money to those that have the most while jeopardizing funding for critical programs, such as Social Security, Medicaid, Medicare and education. Last week, the House Ways And Means Committee advanced what they are calling “Tax Reform 2.0”. The center-piece…

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