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This month's New York Times article on business tax subsidies has attracted plenty of attention in West Virginia, as our state was listed as second in the nation with $857 per resident given out to attract businesses in the state. While state officials defended the state's use of tax incentives, Phil Kabler in Sunday's Gazette-Mail…

With faltering revenue collections, Governor Justice has ordered a $100 million budget cut for the current budget year, with more cuts likely for the FY 2021 budget. And, as with past budget cuts, higher education appears to be a prime target. This is all happening on the heels of a new report from the Center…

Overview Federal policymakers are reportedly considering enacting work reporting requirements for Medicaid in the new Congress. Similar state-level policy led to disastrous consequences in Arkansas in 2018-19 until a federal judge blocked the program. Enacting an Arkansas-style work reporting requirement at the federal level would result in West Virginia’s health care system losing an estimated…

West Virginia's revenue collections are down $378 million compared to this time last year, in large part due to a collapse in severance tax revenue. At this point in FY 2023 West Virginia had collected $631 million in severance tax revenue, while this year the state has only collected $168 million as a result of…

On Wednesday, the Daily Mail reported on the tax incentives offered to Gestamp, the auto parts company that is re-opening the stamping plant in South Charleston. Recently, we looked at the B&O tax incentive, but now with this memo of the agreement between the state and Gestamp, we can take a closer look.   The highlights…

West Virginia One of Just Eight States Still Cutting Funding for Higher Education Now that the recession is in the past, most states are restoring funding to higher education. West Virginia, however, is still reducing funding, second only to Wyoming, spending 21.6% less per student in FY 2014 than in FY2008, a reduction of over…

Second Meeting Held to Look at Tax Overhaul The history of West Virginia's previous efforts to overhaul its tax system and an overview of tax breaks going back over 100 years were on Monday's agenda of the Joint Select Committee of Tax Reform. Speakers included Revenue Secretary Bob Kiss and Deputy Secretary Mark Muchow at…

Greater Fiscal Responsibility is Possible West Virginia should make improvements to the way it estimates revenues in order to create a more fiscally responsible budget, according to a new report from the Center on Budget and Policy Priorities. In the report's evaluation of how states come up with a revenue estimate for the annual budget,…

While the United States is a low-tax country compared to most industrialized nations, for a majority of Americans it doesn't feel this way. That's largely because private health insurance companies receive a large portion of our income every month. If we sent our money to a publicly run health insurance plan (e.g., Medicare) instead, almost…

Despite record-low unemployment rates and fully recovered employment and labor force participation rates, West Virginia is still down 24,300 jobs from its pre-pandemic level. The primary driving force behind this discrepancy is that West Virginia continues to experience population loss. While there is currently a higher percentage of West Virginians working than there was during the height…