Blog Posts > Editorial: Liberals Think Taxes Too Low
November 23, 2013

Editorial: Liberals Think Taxes Too Low

Wheeling Intelligencer – Ever notice, fellow taxpayers, how liberals are quick to inform us we’re not sending enough of our hard-earned dollars to Charleston and Washington? It’s happening again in West Virginia. Read

Later this year, Gov. Earl Ray Tomblin probably is going to have to order another round of spending cuts in West Virginia state government. That’s because revenue is not keeping pace with the budget for this fiscal year, which began July 1.

At the end of October, four months into the year, general fund revenue was nearly $42.5 million behind estimates. State Budget Office Director Mike McKown has warned the general fund may be $80 million in the red by next June 30.

Worse is to come, McKown cautions. The next fiscal year’s budget may be $260 million out of balance.

It’s all because of those irresponsible tax reductions, the West Virginia Center on Budget and Policy insists. The CBP cited $316 million a year lost due to tax breaks for business and elimination of the sales tax on food.

Donate Today!
Icon with two hands to donate today.
Donate

Help Us Make West Virginia a Better Place to Live

Subscribe Today!
Icon to subscribe.
Subscribe

Follow Our Newsletter to Stay Up to Date on Our Progress

Thanks for reading our post 🙂

We have a great newsletter, join below:

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: West Virginia Center on Budget and Policy, 8 Capitol Street, Charleston, WV, 25301. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact