Taxes

November 20, 2018 by Sean O'Leary
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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November 13, 2018 by Sean O'Leary
The Tax Cuts and Jobs Act is Increasing the Racial Wealth Gap

A new report  from the Institute on Taxation and Economic Policy and Prosperity Now takes a look at the federal tax cut bill passed by Congress and signed into law last year by President Trump and its impact on growing the racial wealth gap. Previous reports have shown that the tax cuts in the Tax Cuts…

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October 30, 2018 by Ted Boettner
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 30, 2018 by Ted Boettner
Business Tax Incentives: Advantages & Perils

On October 30, 2018, Executive Director Ted Boettner presented at the 69th Annual Meeting of the West Virginia Tax Institute in Morgantown, WV on the advantages and disadvantages of business tax incentives. Read presentation.

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October 18, 2018 by Sean O'Leary
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 17, 2018 by Sean O'Leary
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 18, 2018 by Ted Boettner
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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April 30, 2018 by Tara Holmes
Strengthening West Virginia’s Soda Tax Would Bring Much-Needed Revenue, Improve Health Outcomes for Residents

In recent years, both public health advocates and policymakers looking for new revenue for public programs and ways to improve health outcomes have focused on a sugar-sweetened beverage (SSB) or “soda tax.” Read PDF of report. Numerous research studies have linked the excessive consumption of soda and other sugary drinks to the nation’s epidemic of…

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February 2, 2018 by Sean O'Leary
What’s More Expensive, Business Tax Cuts or Free Tuition?

West Virginia's free community college bill continues to move through the legislature. While the bill in its current form is fairly limited in who it applies to, it is worth revisiting the question of what it would take to provide free tuition to all of West Virginia's in-state college students, and how that cost compares…

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December 18, 2017 by Sean O'Leary
Final Trump-GOP Tax Plan Contains Major Tax Cuts for the Wealthy, Leaves Many in WV Out

The final tax bill that Republicans in Congress are poised to approve would provide most of its benefits to high-income households while raising taxes on many low- and middle-income West Virginians. While the bill goes into effect in 2018, many of the provisions directly affecting low- and middle-income individuals and families would all expire after…

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