The 2023 state legislative session has seen both chambers heavily focused on turning the state’s revenue “surplus” into personal income tax cuts, despite the clear need for new spending after four years of austerity forced by flat budgets. We’ve covered at length the temporary factors driving the surplus, as well as the fallacy of calling…
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Today is the last day of West Virginia's 2023 Fiscal Year. Undoubtedly in the coming days, Governor Justice will tout the so-called revenue "surplus" from this fiscal year, but it cannot be overlooked that a significant portion of that surplus was only made possible due to the Justice Administration intentionally low-balling revenue estimates, thus all…
Last week, to many people's surprise, West Virginia's legislature flipped from blue to red with the GOP picking up 18 seats in the House of Delegates and eight seats in the State Senate. It appears that Mercer County State Senator and car dealership owner Bill Cole will become the new Senate President and that current…
WVCBP executive director Kelly Allen recently published an op-ed expressing support for the American Jobs Plan and American Families Plan, both of which would provide much-needed support to hundreds of thousands of West Virginians simply by asking the wealthy and corporations to pay their fair share of taxes. Excerpt below: A higher tax rate on about 1%…
For Immediate Release Contact: Caitlin Cook, 304.543.4879 - A 50-state analysis of the House tax plan released last week reveals that in West Virginia the wealthiest 1 percent of West Virginians will receive the greatest share of the total tax cut in year one and their share would grow through 2027. Further, the value of the…
West Virginia's Public Employees Insurance Agency (PEIA) provides health care coverage to state and local government employees and their families, with total enrollment of about 75,000 active members. Providing adequate funding for PEIA has been an ongoing issue for the state, one that has only worsened in recent years. After four years of prioritizing flat…
Earlier this week, Governor Jim Justice unveiled his plan for reopening West Virginia's businesses, dubbed "The Comeback." Among the businesses slated to open first under his plan are day care centers, restaurants, and professional services including hair and nail salons. West Virginians who work in these sectors will be among the first back to work…
Learn More About A Tax Credit for Working FamiliesJoin us for a free event to learn more about the economic impacts of a West Virginia Earned Income Tax Credit (EITC).When: January 11 from 9:30 AM - 2:00 PMWhere: Embassy Suites, downtown CharlestonWho: Financial education practitioners, researchers and stakeholders, including representatives from the Richmond Federal Reserve,…
Today Congress passed legislation to fund the federal government for the rest of this fiscal year including making key provisions to the federal Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) permanent. Yesterday the bill was approved by the House of Representatives with all three of West Virginia's members voting yes. Today the…
For Immediate Release Contact: Caitlin Cook, 304.720.8682 A new analysis from the Institute on Taxation and Economic Policy reveals a federal tax reform plan based on President Trump's April outline would fail to deliver on its promise of largely helping middle-class taxpayers, showering 61.4 percent of the total tax cut on the richest 1 percent nationwide. In…