The new, far-reaching budget reconciliation law supported by West Virginia’s congressional delegation has been widely projected to cost the poor and make the rich richer.
Signed into law on July 4 by President Donald Trump, the legislation is projected to cut more than $1 trillion in spending on health care and food assistance by from the University of Pennsylvania’s Penn Wharton Budget Model, a nonpartisan public policy research initiative.
The model forecast that households most affected by expected Medicaid and Supplemental Nutrition Assistance Program cuts — those with household incomes under $18,000 — will experience the largest losses under the law, averaging $27,500 lifetime for the working-age population, per the analysis. In contrast, working-age households with incomes above $179,000 were forecast to gain an average of more than $65,000 due to the law.
U.S. Rep. Carol Miller, R-W.Va., speaks in favor of budget reconciliation legislation on the House of Representatives floor on July 3, 2025.
Support for the law, dubbed the , from U.S. Sens. Shelley Moore Capito and Jim Justice and Reps. Carol Miller and Riley Moore, all R-W.Va., has drawn criticism they’ve backed a “Robin Hood in reverse†move that will set back West Virginians who need help the most.
Those making the highest 1% of incomes in West Virginia at $558,000 and above would get 71% of tax savings from the new law in 2026, according to updated Monday by the progressive-leaning tax policy nonprofit Institute on Taxation and Economic Policy.
“West Virginia Citizen Action Group strongly condemns Senators Capito and Justice and Representatives Miller and Moore for selling out their constituents and choosing profit over the people of West Virginia in affirming the Big Bad Bill,†Dani Parent, co-executive director of West Virginia Citizen Action Group, a progressive advocacy organization, said in a statement.
West Virginia’s four members of Congress signing off on the cuts projected to result in dozens of thousands of West Virginians losing their health insurance have disclosed wealth that goes well beyond their $174,000 salaries set by law.
Miller, Moore and Capito — Moore’s aunt — reported assets valued at a combined median range of $1.2 million to $3.2 million in their latest, federally required annual financial disclosures. Miller and Capito also reported eight-figure and seven-figure sums in assets attributed to their respective husbands.
Despite his recent family business struggles and disclosing liabilities ranging from $87.5 million to $158.1 million, Justice reported assets surpassing $1.2 billion.
The four lawmakers’ disclosures paint a much greener financial picture than West Virginia’s at large.
West Virginia’s 2023 median household income was $55,948 — 38.9% below the national median household income.
West Virginia’s median household income was even lower — $48,347 — in the state’s seven counties where a Cecil G. Sheps Center for Health Services Research at the University of North Carolina hospitals were at risk of closing under a previous, similar version of the budget reconciliation legislation.
But West Virginia’s members of Congress assert the law will aid their constituents by extending tax cuts implemented under Trump in 2017 that benefited the wealthy.
Miller reported husband owned $23M+ in assets
In her latest publicly available financial disclosure report filed in August 2024, Miller reported owning assets ranging from roughly $82,000 to $230,000, including stock in Air Products and Chemicals Inc., an Allentown, Pennsylvania-based industrial gas provider, and Pfizer Inc., a New York-headquartered biopharmaceutical company.
Miller reported her husband Matt Miller owned over $23.3 million in assets, including six Dutch Miller auto dealerships valued at $5 million and stock valued between $15,000 and $50,000 in McKesson Corp., a pharmaceutical distributor that reached a $37 million settlement with the state of West Virginia in 2019 to resolve the state’s allegations that the company failed to detect, report and help stop a torrent of suspicious opioid painkiller orders into the state.
Miller reported joint ownership with her husband of apartments in Huntington valued between $1 million and $5 million and a farm in Mason County valued between $250,000 and $500,000.
In an April 2025 periodic transaction report, Miller disclosed buying between just over $9,000 and $135,000 a month earlier in stock in nine companies, including defense and aerospace manufacturer Lockheed Martin Corp. and American Water Works Company Inc., a public water and wastewater utility. The stock was listed as sub-holdings of a Matt Miller investment management account.
In April 2025, Miller announced introducing, along with Rep. Brad Schneider, D-Ill., legislation in the backed by American Water Works affiliate West Virginia American Water that would let utilities deduct repair costs from corporate alternative minimum tax imposed by the Inflation Reduction Act in 2022. Last month, West Virginia American Water hosted Miller at its Kanawha Valley Treatment Plant in Charleston for a tour highlighting the company’s water treatment approaches and a roundtable discussion on legislative priorities.
In an email, Miller spokesman Nicolas Gray defended Miller’s budget reconciliation legislation and RESILIENCE Act support, noting that there’s been bipartisan support for the latter.
"Of course Congresswoman Carol Miller supports President Trump's signature legislation to give West Virginians a massive tax cut,†Gray said, citing an expected tax cut for families making under $50,000 from the budget reconciliation law and its cutting taxes on tips and overtime.
Capito reported assets totaling up to $2.4M
Capito reported assets valued between roughly $876,000 and $2.4 million for 2024 in a financial disclosure filed in May 2025. The assets included stock in Lockheed Martin, Charlotte, N.C.-based energy company Duke Energy Corp. and Atlanta-based rail transporter Norfolk Southern Corp.
Capito reported her husband Charles Capito Jr., a West Virginia University Board of Governors member, owned assets valued at more than $1.8 million, including business entity limited partnerships and corporate securities stock.
In a periodic transaction report filed July 4, Capito disclosed selling between about $6,000 and $90,000 in six companies from June 18 to June 23, as the budget reconciliation bill was recrafted in the Senate. The companies included UnitedHealth Group Inc., a for-profit health care company, and Wells Fargo & Company, a financial services provider.
Capito spokeswoman Kelley Moore denied that Capito has been unresponsive to projections the legislation’s tax changes and cuts to Medicaid and SNAP will redistribute wealth away from West Virginians and other Americans with significantly lesser incomes and financial assets than hers.
Kelley Moore said Capito and her staff met extensively with constituents over the past several months, including discussions with constituents about SNAP and Medicaid provisions.
“As she always is, Senator Capito is accessible and considers all views and opinions of West Virginians when making decisions,†Kelley Moore said.
Justice reported $1.23B+ in assets
Filed in July 2024, Justice’s financial disclosure reported $1.23 billion in assets that included over $50 million each in investments in Justice Thermal LLC, a Roanoke, Virginia-based coal mining company, and two White Sulphur Springs-based firms: Greenbrier Resort and Club Management Company, and the Greenbrier Sporting Club Development Company, Inc.
Justice reported liabilities ranging from $87.5 million to $158.1 million. That range chiefly includes judgment exceeding $50 million to Martinsville, Virginia-based Carter Bank & Trust.
In June 2024, the Justices and Carter bank both announced the settlement of a dispute in which the bank has sought $300 million-plus in debt from the Justices.
Carter Bank & Trust sought to collect from Justice, his wife and son after they signed confessions of judgment in April 2023 for over $300 million. Debtors allow creditors to obtain judgments against them through confessions of judgment and can be used as proof of liability.
In a May 2024 financial disclosure, Moore reported owning savings plan assets valued between $265,000 and $550,000 in addition to his $95,000 salary as state treasurer at the time. Moore reported his wife, Guillermina Garcia Moore, a Shepherd University Board of Governors member, had retirement fund and employee stock plan assets valued between about $150,000 and $350,000.
Spokespeople for Justice and Moore did not respond to requests for comment. House and Senate members may request extensions to file financial disclosure statements. Justice, Miller and Moore have requested extensions for their 2025 statements.
“West Virginia’s Congressional Delegation did not fight for us; they just made life harder,†West Virginians for Affordable Health Care executive director Ellen Allen said in a statement Thursday. “For you. For me. And for generations to come … Don’t forget!"
Mike Tony covers energy and the environment. He can be reached at mtony@hdmediallc.com or 304-348-1236. Follow on X.Â