skip to main content
skip to newscasts

Saturday, February 8, 2025

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

January jobs report: Unemployment rate falls to 4%, wages rise more than forecast; Trump signs order imposing sanctions on International Criminal Court over investigations of Israel; Ten Commandments in public schools debate reaches South Dakota; Virginia ranks among worst states for wage theft; Mexican long-nosed bat makes appearance in Arizona.

view newscast page
play newscast audioPlay

Attorney General Pam Bondi strikes a Trump tone at the Justice Department, federal workers get more time to consider buyouts, and an unclassified email request from the White House worries CIA vets.

view newscast page
play newscast audioPlay

During Black History Month, a new book shares how a unique partnership built 5,000 schools for Black students, anti-hunger advocates say ag communities would benefit from an expanded SNAP program, and Americans have $90 billion in unpaid medical bills.

WV Could Gain $335 Million a Year from Billionaire Income Tax

play audio
Play

Thursday, April 21, 2022   

State advocacy groups say West Virginia stands to gain from taxing billionaires.

The Biden administration's "Billionaire Minimum Income Tax" would ensure that American households worth more than $100 million pay a tax rate of at least 20% of their full income.

Executive Director of West Virginia Citizen Action Gary Zuckett said the move could add between $220 and $335 million a year in federal grants to the state's budget.

Zuckett explained that federal grant funds to pay for state programs and services - such as Medicaid and CHIP, Head Start, and food and nutrition programs.

"Corporations and the extremely wealthy should be paying their fair share of taxes," said Zuckett. "And that revenue should be used to help pay down the debt and help lower drug prices and help deal with the climate. The majority of West Virginians and the majority of taxpayers across the country would agree with that."

He added that legal loopholes often allow the nation's wealthiest to pay little or no federal income tax, while allowing them to generate untaxed income from their investments.

An expose' last year by ProPublica based on IRS data revealed that for the past several years, Elon Musk, Jeff Bezos and other top billionaires paid zero federal income tax.

Census data shows West Virginia has one of the highest poverty rates in the nation. Zuckett said the country's broken tax system has worked against residents.

"Working families in West Virginia pay taxes on every dollar they earn," said Zuckett. "And so the billionaires and the millionaires in this country should pay taxes on every dollar they earn, just like we do."

An Oxfam report published earlier this year found that wealth of the world's ten richest men has doubled since the start of the pandemic - skyrocketing to more than $13 trillion as of last November, an increase larger than that seen in the previous decade-and a-half combined.




Disclosure: West Virginia Citizen Action Education Fund contributes to our fund for reporting on Budget Policy & Priorities, Environment, Health Issues, Social Justice. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
Opponents of a South Dakota bill that would require the Ten Commandments be posted in all public school classrooms say it would be an unfunded mandate. (Adobe Stock)

Social Issues

play sound

A South Dakota House committee takes up a controversial bill today that would require all school districts in the state to display the Ten Commandment…


play sound

Virginia ranks third behind only Maryland and Delaware among the worst states for the average amount of back wages companies owe to their workers…

Environment

play sound

Some North Dakota school districts are part of a movement that has embraced electric school buses, but the federal funding shakeup carried out by the …


Florida immigrant advocacy groups are intensifying efforts to help undocumented individuals navigate encounters with Immigration and Customs Enforcement officers. (David Peinado/Pexels)

Social Issues

play sound

Immigrant advocates in Florida are ramping up efforts to help families navigate President Donald Trump's new immigration orders, which have increased …

Social Issues

play sound

The rate of U.S. high school seniors seeking higher education is on the upswing, according to research from Lumina Foundation. Although Hoosier …

Gov. Kathy Hochul's free community college proposal would apply to people pursuing first-time associate degrees for jobs in high-demand fields, including nursing, teaching, technology and engineering. (Adobe Stock)

play sound

New York State is making historic higher education investments. As part of the 2026 budget proposal, Gov. Kathy Hochul proposes free community …

Social Issues

play sound

Alabama nonprofits are coming together to tackle challenges that may threaten their survival, from declining donor support to shifting federal …

Health and Wellness

play sound

Consumer advocates in Maine said the availability of enhanced subsidies have helped record numbers of people get the health care coverage they need…

 

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