(Charleston, WV) Too many West Virginians struggled to make ends meet in 2015, so West Virginia needs to take immediate action to pass a state Earned Income Tax Credit which would make it easier for people to build a secure future. PDF of news release.
Nearly one in five West Virginians struggled to afford basic necessities in 2015, with a family of four too often living on less than $24,000 a year. Almost one in four West Virginia children are growing up in families that can’t afford the basics necessary for a good start to life because they make so little.
The number of people struggling economically remains too high and is holding back our economy and hampering our kids’ futures.
“A West Virginia working families tax credit would open the doors of opportunity for these people by helping them keep more of the money they earn while working at low-wage jobs,” stated Seth DiStefano, State EITC Campaign Coordinator with the West Virginia Center on Budget and Policy. “Our state will be a better place when all West Virginians have the opportunity to build a better life for themselves and their kids. A West Virginia Earned Income Tax Credit is a big part of making this a reality.”
A state earned income tax credit, set at 15% of the federal credit, would supplement the existing federal earned income tax credit and benefit 158,000 working West Virginia families. It would provide an average credit of $332 a year to those families and put $52 million back into local economies in West Virginia. Twenty-six other states and the District of Columbia already have a state earned income tax credit.
West Virginia highlights from the 2015 American Community Survey include the following:
West Virginia Local Metropolitan Area Poverty and Median Household Income 2015
|Poverty Rate||Median Household Income|
|Beckley, WV Metro Area||18.0%||$37,101|
|Bluefield, WV-VA Micro Area||17.9%||$37,965|
|Charleston, WV Metro Area||18.6%||$42,526|
|Clarksburg, WV Micro Area||15.0%||$46,903|
|Huntington-Ashland, WV-KY-OH Metro Area||20.1%||$42,237|
|Morgantown, WV Metro Area||20.3%||$45,941|
|Parkersburg-Vienna, WV Metro Area||17.3%||$40,547|
|Weirton-Steubenville, WV-OH Metro Area||16.0%||$43,452|
|Wheeling, WV-OH Metro Area||11.7%||$47,726|
|West Virginia – Statewide||17.9%||$42,019|
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