skip to main content
skip to newscasts

Saturday, April 27, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

view newscast page
play newscast audioPlay

Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

view newscast page
play newscast audioPlay

The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Report: West Virginians’ budgets shrink while corporations rake in profits

play audio
Play

Tuesday, January 30, 2024   

As the nation's largest corporations see their profits surge, more West Virginians are relying on assistance to meet basic needs as their spending power shrinks.

A new report finds corporate profits drove more than half of inflation during the second and third quarters of 2023.

Gary Zuckett, West Virginia Citizen Action Group member, said inflation has taken its toll on already struggling communities, adding that household financial stress is linked to increased drug use, domestic violence and worsened health outcomes.

"I do think this is very relevant to our state, which has some of the lowest per-capita incomes in the country. In a state like West Virginia, where especially our rural counties have such a challenge, just with basic services," Zuckett said.

The report shows, for example, that diaper prices have jumped by more than 30% since 2019 -- from, on average, $16.50 to nearly $22 -- despite the fact that source material for wood pulp, used to make diapers and other paper products, declined by 25% last year.

Liz Pancotti, report co-author and Groundwork Collaborative strategic advisor, explained that global supply chain snarls have smoothed over, and the economy has mostly stabilized, meaning the input costs for companies that make goods have dropped significantly.

"Now their costs are back down to zero, $1, compared to pre-pandemic, and they're still passing on those $2 or $3 increases," she explained.

At the same time, Zuckett noted, many of the nation's most profitable companies have paid no income taxes. A report from the Institute on Taxation and Economic Policy found at least 55 of the largest corporations in America paid no federal corporate income taxes in 2020 -- a collective total of around $8.5 billion.

"Corporations used to carry about two-thirds of the tax burden to fund the government," Zuckett said. "And workers paid about a third. Now that's flipped, and now the workers are paying two-thirds to keep the government running and corporations only being a third, and that's not fair."

Without congressional action, 2017 Trump-era tax cuts on American households earning less than $400,000 a year are set to expire in 2025.


get more stories like this via email

more stories
The United Nations experts also expressed concern over a Chemours application to expand PFAS production in North Carolina. (Adobe Stock)

play sound

United Nations experts are raising concerns about chemical giants DuPont and Chemours, saying they've violated human rights in North Carolina…


Social Issues

play sound

The long-delayed Farm Bill could benefit Virginia farmers by renewing funding for climate-smart investments, but it's been held up for months in …

Environment

play sound

Conservation groups say the Hawaiian Islands are on the leading edge of the fight to preserve endangered birds, since climate change and habitat loss …


Jane Kleeb is director and founder of Bold Alliance, an umbrella organization of Bold Nebraska, which was instrumental in stopping the Keystone Pipeline. Kleeb is also one of two 2023 Climate Breakthrough Awardees. (Bold Alliance)

Environment

play sound

CO2 pipelines are on the increase in the United States, and like all pipelines, they come with risks. Preparing for those risks is a major focus of …

Environment

play sound

April has been "Invasive Plant Pest and Disease Awareness Month," but the pests don't know that. The U.S. Department of Agriculture says it's the …

Legislation to curtail the union membership rights of about 50,000 public school educators in Lousiana has the backing of some business and national conservative groups. (wavebreak3/Adobe Stock)

Social Issues

play sound

Leaders of a teachers' union in Louisiana are voicing concerns about a package of bills they say would have the effect of dissolving labor unions in t…

Health and Wellness

play sound

The 2024 Arizona Alzheimer's Consortium Public Conference kicks off Saturday, where industry experts and researchers will share the latest scientific …

Environment

play sound

Environmental groups say more should be done to protect people's health from what they call toxic, radioactive sludge. A court granted a temporary …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021