Parkersburg News and Sentinel - An analysis shows President Donald Trump's tax reform plan will give over 61 percent of the total tax cut in West Virginia to the richest 1 percent, a think tank said on Thursday. Read.
Search Results
Newsweek - Lawmakers in West Virginia have approved a bill that will see state income tax on Social Security benefits be gradually phased out. Read the full article. Republican Governor Jim Justice announced in January during his annual budget proposal that he wished to see all state-levied taxes on Social Security axed. The plan has taken a step…
Charleston Gazette-Mail, Williamson Daily News - President Joe Biden’s planned student loan forgiveness might have an outsized financial benefit for former West Virginia college students. Read the full article. The plan would forgive $10,000 in current federal student loan debt for everyone making under $125,000 annually. Debt holders could be forgiven whether they actually earned…
West Virginia Public Broadcasting - Kelly Allen, the Executive Director at the West Virginia Center on Budget and Policy says more than 200,000 West Virginians could see relief on student loans as part of a forgiveness plan announced by President Joe Biden. Read the full article. Randy Yohe discussed the West Virginia impact of student…
State Journal - Whether the Republican tax reform plan currently under discussion in the U.S. House of Representatives is good or bad for the people of West Virginia depends on whom you ask. Read.
Overview Read the full fact sheet here. Under the American Rescue Plan Act (ARPA), states, cities, counties, U.S. territories, and tribal nations will receive a total of $350 billion in Fiscal Recovery Funds to respond to the COVID-19 emergency and help bring back jobs. In West Virginia, the state government will receive $1.355 billion and…
The Senate Finance Committee has amended the GOP tax bill, making significant changes to the bill, including the repeal of the individual mandate from the Affordable Care Act. The legislation is described as tax reform but would cut hundreds of billions of dollars in health care spending. The provision recently added to the legislation to repeal…
West Virginia MetroNews - Just ahead of a special session to consider cutting personal income taxes, Gov. Jim Justice says he met with senators to try to persuade them. Read the full article. The special session is supposed to start at noon Monday, but it’s entirely unclear whether the Republican governor and the Senate’s Republican…
West Virginia Public Broadcasting - The West Virginia House of Delegates has passed a bill that would reduce the personal income tax each year until it is fully eliminated. The measure would equate to at least a $150 million annual loss in revenue and would ultimately cost the state more than $2 billion each year…
With the end of West Virginia’s 2023 fiscal year on June 30 came bold declarations about the strength of West Virginia’s economy and its historic revenue surplus. A deeper dive into the state’s tax receipts for the year reveals more of a mixed bag: strong tax receipts in the first half of the year slowing…