This week, the Senate Finance Committee approved SB 392, Governor Morrisey's proposed 10 percent personal income tax cut at a cost of $250 million in revenue annually, as well as their changes to the FY 2027 budget. Like the governor's budget, the Senate balances their budget by relying heavily on one-time surplus and supplemental funding,…
Tax and Budget
WOWK - On this week’s episode of Inside West Virginia Politics, our guests join Rick Johnson to discuss the race for the U.S. Senate, the state budget, the legislative session and Sissonville. Read the full article. In Segment 1, we talk to U.S. Senate Candidate Alex Gaaserud (R) about things that motivate him. In Segment…
West Virginia Watch, Huntington Herald-Dispatch - The Senate Finance Committee rolled out their changes Monday to the governor’s proposed budget, making notable changes like a 10% tax cut instead of 5%, and a new plan for paying for the expensive education voucher program. Read the full article. It’s much earlier than usual for the committee…
Amid looming budget gaps and Governor Morrisey's call for additional personal income tax cuts, tax cuts for the natural gas industry are moving through the West Virginia Legislature. SB 706 would cut the state's severance tax on natural gas from 5 percent to 3.25 percent for newly drilled wells. The reduced rate would be in…
Yahoo News - Gov. Patrick Morrisey told residents in Bridgeport to go to bat for him against the state legislature over his proposed state income tax cuts. Read the full article. “If we don’t keep pace in terms of the income tax rates compared to other states, we’re not going to be well positioned for…
West Virginia Public Broadcasting - Gov. Patrick Morrisey encouraged attendees at an event in Bridgeport Tuesday to reach out to their legislators and support a tax cut. Read the full article. In front of what Morrisey estimated were a couple hundred people at the Meadowbrook Mall, Morrisey explained why he believes personal income tax cuts…
West Virginia Public Broadcasting - In his State Of The State address last month and again a few days ago, Gov. Patrick Morrisey made a case for a 10% cut in state income taxes. He proposed a 5% cut in his budget, and has challenged lawmakers to find another 5% to cut. Listen to the full segment. It’s…
WRNR - Listen to this recent segment where Kelly discusses West Virginia's budget landscape and Governor Morrisey's personal income tax cut proposal.
WBOY - Governor Patrick Morrisey is calling for lawmakers to work with him to create a 10% income tax cut for taxpayers in the state, but some are questioning whether such an income tax cut is really possible. Read the full article. A press release from Governor Morrisey’s office, released on Tuesday, included the following statement: “The…
West Virginia Public Broadcasting - On this West Virginia Morning, Gov. Patrick Morrisey has made his case for a 10% state income tax cut – but not everyone is convinced that’s the way to go. Assistant News Director Maria Young spoke with Kelly Allen, executive director of the West Virginia Center on Budget and Policy, to…