Contact Sean O’Leary, 304-720-8682
(Charleston, WV) Too many working families in West Virginia are paid low wages and have trouble making ends meet, with basic living expenses stretching family budgets beyond their limits. With tax overhaul a likely focus of the 2016 Legislative Session, a bottom-up tax cut like a state Earned Income Tax Credit could ensure that people who work hard for low pay are not left out of the discussion, according to a new report by the West Virginia Center on Budget and Policy, “A Tax Cut for Working Families: A West Virginia Earned Income Tax Credit.” Read PDF of news release.
“By creating an Earned Income Tax Credit, West Virginia would give a well-deserved break to those who work but struggle to get by on low wages, while also boosting local economies across the state,” stated Sean O’Leary, Senior Fiscal Policy Analyst with the West Virginia Center on Budget and Policy and author of the report.
A West Virginia EITC would be a common sense tax break that helps people make ends meet and keep working despite low wages, which benefits their families and communities. It would help them keep more of what they earn so they can spend it in their local economies.
“West Virginia’s working families drive our economy. Investing in working families will provide immediate dividends to local businesses across the state and create a brighter future for West Virginia’s children,” explained Seth DiStefano, State EITC Campaign Coordinator with the West Virginia Center on Budget and Policy.
Key Findings of the report:
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