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Happy Birthday Jake!

on January 12, 2014

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A Modest Proposal for WV Budget Woes

Here's a novel idea to help Governor Manchin and legislative leaders address WV's budget challenges... Stop cutting taxes for dead millionaires! According to the WV Center for Budget and Policy , WV could generate $21 million per year if WV restored our estate tax to 2001 levels. ( PDF ) In 2001, West Virginia estates over  $675,000 ( after  deductions for  funeral  expenses  and  charitable  donations) were subject to the Estate Tax, but that tax is being phased out and in 2010 will be eliminated completely. According to the phase-out, in 2009 only those estates worth more than $3.5 million are subject to the estate tax. (Don't worry millionaires, if you can hold on for just a few more months until 2010, then your children's inheritance will escape the tax completely. Whew!) In the meantime, rather than having $21 million per year for things like early childhood programs, schools, health care, infrastructure, law enforcement, fire fighter pensions, etc., WV will

Picture of the Day

Members of Glenn Beck's army demonstrate just how clueless they are. Photo credit: @FireFlower_

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