Tax Reform

Updated at 1:26 a.m. ET Wednesday

Republicans in Congress approved a sweeping and controversial $1.5 trillion tax overhaul, with the Senate voting early Wednesday along straight party lines to move the measure forward.

Updated on Dec. 20 at 3:50 p.m. ET

The Republican tax bill, which Congress sent to President Trump on Wednesday, would give most Americans a tax cut next year, according to a new analysis. However, it would by far benefit the richest Americans the most. Meanwhile, many lower- and middle-class Americans would have higher taxes a decade from now ... unless a future Congress extends the cuts.

GOP Tax Reform – What's in it for Appalachia?

Dec 5, 2017
J. Scott Applewhite / Associated Press

In the early hours on Saturday, the Senate passed the GOP’s tax reform bill. The vote fell primarily along party lines, with all 48 Democrats voting against the bill, alongside the sole Republican Senator Bob Corker of Tennessee.

Jacquelyn Martin / AP Photo

A group of moderate Democrats in the U.S. Senate are asking Republicans to work with them to rework the current verison of a tax reform bill. The group was led in a news conference Tuesday by Sen. Joe Manchin of West Virginia.

It's back to work this week for President Trump and Republicans after Thanksgiving — and they have a lot to do.

Updated at 3:10 p.m. ET

House Republicans unveiled a draft tax bill on Thursday, calling for deep cuts in both individual and corporate tax rates.

"With this bill, we will grow our economy by delivering more jobs, fairer taxes, and bigger paychecks to Americans of all walks of life," said Rep. Kevin Brady, R-Texas, chairman of the House Ways and Means Committee.

President Trump and congressional Republicans have pitched their tax plan as a boost for the middle class.

"The rich will not be gaining at all with this plan," Trump told reporters during a meeting with lawmakers in mid-September.

Perry Bennett / West Virginia Legislative Photography

Members of the House are not budging on reforming the state’s tax code the way Gov. Jim Justice and now Senators on both sides of the aisle want to.

Perry Bennett / West Virginia Legislative Photography

Members of the Senate have approved a budget for the upcoming fiscal year -- for a second time this week.

 

The bill they approved Tuesday contains no new revenue for 2018 and makes major cuts to both higher education and Medicaid in order to find a balance, but the new version of the budget bill approved Thursday night is accompanied by yet another tax reform bill that now has bi-partisan support in the state’s upper chamber.

Perry Bennett / West Virginia Legislative Photography

After yet another day of back and forth between the House and Senate, Speaker Tim Armstead says lawmakers are now close to an agreement on the 2018 budget.

And that agreement could likely come without the passage of any tax reform measures. 

West Virginia Governor's Office

Gov. Jim Justice sat the head of a long table in his conference room Monday afternoon, surrounded by reporters and members of his staff. It’s the same room that nearly three months ago Justice declared his budget war room, inviting members of the Legislature to join him and his staff each morning to hammer out a deal.

Perry Bennett / West Virginia Legislative Photography

Members of a legislative conference committee will continue their work Monday, trying to come to an agreement over tax reform. The conference committee was assembled Wednesday and, according to Legislative rules, must finish their work by Saturday, but lawmakers voted to suspend those rules Friday, allowing the committee to meet over the weekend. 

West Virginia Morning
West Virginia Public Broadcasting

On this West Virginia Morning, lawmakers working on a tax-reform plan heard from Gov. Jim Justice. Ashton Marra s following budget negotiations at the Capitol and brings us the latest on discussions between the governor and legislative leaders.

We also preview this week's Inside Appalachia episode and Mountain Stage's Song of the Week.

Perry Bennett / West Virginia Legislative Photography

Gov. Jim Justice took questions from a legislative conference committee Thursday that is working on a compromised version of his tax reform plan, a rare appearance at the statehouse.

Perry Bennett / West Virginia Legislative Photography

Legislators have assembled a conference committee to work out the final details of a tax reform bill that has been at the center of budget negotiations at the statehouse for months. 

Lawmakers have spent since the end of the regular session in March formally-- and informally-- negotiating the tax reform bill that began in the state Senate. The Senate Republican-backed plan largely aims to repeal the personal income tax in exchange for a higher consumer sales tax.

Perry Bennet / West Virginia Legislative Photography

Gov. Jim Justice spent hours caucusing with House Democrats Monday morning as a special budget session continued at the statehouse. 

House Minority Leader Tim Miley said the governor spent more than two hours discussing his latest plan to balance the 2018 budget.

Perry Bennet / West Virginia Legislative Photography

Budget negotiations are continuing at the Capitol Thursday after a new revenue deal was presented to lawmakers earlier in the week. 

Gov. Jim Justice presented the new revenue bill to lawmakers Tuesday. The plan has been at the crux of budget negotiations between his office and members of both the House and Senate.

Perry Bennet / West Virginia Legislative Photography

Legislative leaders in both the House and Senate have agreed to a 12-day recess in their special budget session while they continue to negotiate a deal with Gov. Jim Justice. 

Members voted to adjourn until June 5, leaving the leaders of both caucuses in both chambers to continue to work on a budget plan.

Perry Bennet / West Virginia Legislative Photography

Members of the Senate’s Finance Committee were presented with some hard numbers Tuesday about the impacts their tax reform plan will have on the overall state budget.

The chamber has presented and voted on similar plans over the last several months, and, even with a clear message from the House that Delegates won’t support the measure, the upper chamber will likely vote on an almost identical bill again Wednesday. 

Perry Bennet / West Virginia Legislative Photography

The Senate's Select Committee on Tax Reform has voted once again to make changes to a revenue bill being floated back and forth between the House and Senate, and the committee chair says members of his caucus will not budge when it comes to their plan to eventually repeal the state's personal income tax.

Pages