Business Tax Cuts Haven’t Delivered Jobs for West Virginia
Business tax cuts have not kept their promise of bringing jobs to West Virginia. Why? Because state and local taxes don’t play a major role when business leaders decide where to locate and expand their companies. Tax cuts do, however, damage our ability to maintain the building blocks of shared prosperity like adequately funded schools and good roads.
To find out more, please join us at the Covenant House on November 9 starting at 11:30 AM. Bring your own lunch and join in on this important conversation!
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This week the West Virginia Department of Revenue announced that, in October, the state again brought in less money than projected. While personal income tax collections exceeded estimates, sales and use and corporate income taxes were down $13 million and $5 million respectively.
This does not bode well for next year’s budget with the state’s General Revenue Fund already down over $87 million just four months into the fiscal year. Read more in Ted’s blog post.
Social Security remains an important anti-poverty tool, especially in West Virginia. About 40,000 senior citizens in the state live in poverty. Without Social Security, that number would jump to about 171,000.
Here’s more in Sean’s blog post and in a report from the Center on Budget and Policy Priorities.
The next Race Matters in West Virginia event is happening next Friday in Lewisburg!
What: See Race Through a New Lens of Understanding
When: Friday, November 11 from 9:00 AM – 3:30 PM
Where: Kyle and Ann Fort Arts and Sciences Building, New River Community and Technical College
Who: Keynote speech by Reverend Matthew Watts; panel discussions about race, law enforcement, and the criminal justice system, presentations on alternative programs.
Cost: $15. Scholarships available. Register here.
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