This week, the House of Delegates will consider a bill (HB 2704) that will extend the state's sales and use tax to more services in conjunction with lowering the sales tax rate. HB 2704 would remove several services currently exempted in West Virginia's sales tax, including services provided by lawyers, accountants, architects, engineers, investment counselors,…
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WBOY, WOWK, MSN - President Joe Biden announced on Wednesday that $10,000 in student debt will be canceled for Americans who make less than $125,000 annually, leaving a large percentage of West Virginia students debt free. Read the full article. According to the West Virginia Center on Budget and Policy, a third of student loan borrowers in…
Last week, we took a look at the total cost of the state's tax cuts of the past few years. According to state officials, cuts to the food tax and business taxes will cost the state $360 million in lost revenue this year, with more than half of the loss coming from the cuts to…
After hearing from the coal industry about their desire for cut in the severance tax, SB 705 was quickly introduced and sped through the Senate Finance Committee on Monday, and is already on 2nd reading in the Senate today. In its current form, the bill cuts the severance tax on coal from 5% to 4%…
The 81st West Virginia Legislature wrapped up session last Saturday night with 30 health-related bills (by my count). These bills spanned the spectrum from the hot button issue of abortion that continues to generate media coverage to bills that passed multiple committees and both chambers unanimously with nary a peep of press. Here I will…
Charleston Gazette-Mail - Food for all. It’s a simple concept most of us among West Virginia’s hills agree with. No one should go hungry. That’s why the West Virginia Center on Budget & Policy, the West Virginia Food and Farm Coalition and other partners are holding a one-day food summit — “Food For All” — to gather those…
On April 17, 2013, the West Virginia legislature passed the Fiscal Year 2014 budget. Only minor changes were made to Governor Tomblin’s $11.3 billion proposal, which was introduced at the start of the legislative session, with the final budget only $2.0 million smaller than the governor’s proposal, a reduction of 0.02 percent. The FY 2014…
Yesterday, Governor Jim Justice unveiled his long-awaited proposal to reduce the state personal income tax. As currently structured, it would raise West Virginia’s sales tax to 7.9 percent, making it the highest state sales tax in the country, and effectively making our combined state and local sales tax rate 8.4 percent, higher than that of any of our surrounding…
While the state should be doing all that it can to stimulate economic growth and jobs, cutting business taxes is an inefficient, regressive and poor choice for creating broadly shared prosperity. As Sean has pointed out, there are much better ways to accomplish this goal. As AP points out today, the corporate net income tax…
WOWK - Our Future West Virginia will have a free, public Medicaid forum on the West Side of Charleston, West Virginia, in March. Read the full article. The organization says the COVID-19 Pandemic Emergency Coverage program will soon end, leaving many West Virginians without Medicaid coverage. The forum will help teach the community about important…