Tax favors for businesses isn't helping anyone
Last year West Virginia gave away $1.7 billion in tax favors and incentives to businesses, which on a per capita basis, is the second highest level of corporate subsidies in the nation. In addition, West Virginia has also cut business taxes so much that, on a percentage basis, corporations in West Virginia contribute only half as much to state government in income taxes as they used to. Additional cuts have already been enacted that will further reduce business contributions to only a third of what they were.
And what is there to show for it?
In short, West Virginia has aggressively lowered business costs through tax cuts, regulatory reform and outright subsidies and the promised results have been non-existent. So, what is the solution for this abject failure? Our elected officials want to do more of the same.
That's a whole lot of money being spent with little to show in return.
With that much money floating around, someone must be getting rich. And I would be remiss as a citizen for not speaking out.
Having slashed business taxes and provided lavish subsidies, West Virginia lawmakers will now push to help businesses cut workers' wages on the promise that, if we discount ourselves just a little bit more, prosperity will ensue. Never mind the fact that West Virginia has the fourth lowest cost of doing business in the nation.
Arch Moore Jr. is and always will be a felon
A recent Washington Post story that tried to explain (rather superficially) why West Virginia, once the bluest of blue states, has morphed into one of the reddest states, identified U.S. Rep. Shelly Moore Capito, as a front-runner for Jay Rockefeller's soon-to-be vacant seat in the U.S. Senate and also as the daughter of a three-time governor. As a longtime former reporter in the Mountain State, I well remember what Arch Moore Jr. was like and also that he went to prison for corruption. I don't know how far the apple has fallen from the tree in the person of Rep. Moore Capito, but do think any newspaper reference to her illustrious father should include the fact that he was and is a convicted felon and always will be.