WCHS - Flanked by lawmakers, some of whom he had waged a war of words with over proposed tax reform, West Virginia Gov. Jim Justice signed the largest tax cut in state history that totals more than $750 million. Read the full article. “I sincerely thank Speaker (Roger) Hanshaw and (Senate) President (Craig) Blair –…
Tax and Budget
For Immediate Release: March 7, 2023 Contact: Renee Alves, (559)-916-5939 Charleston, WV – Rather than utilizing state revenues to create shared prosperity by investing in programs and services that benefit all West Virginians, HB 2526 enacts permanent tax cuts that undermine public investments and further rig our tax system for the wealthy. Nearly two out of every three dollars of…
WCHS, News Break - The largest income tax cut in state history is now headed to West Virginia Gov. Jim Justice for his consideration after it passed the House of Delegates, but a nonprofit group is questioning whether the state can foot the bill for these tax cuts. Read the full article. House members OK'd…
Center Square - The West Virginia House passed a record tax cut on over the weekend that will ultimately have an $817.8 million annual impact, according to a fiscal note on the bill. Read the full article. The bill, which passed the West Virginia Senate a week before, also includes a rebate on the state’s ad valorem…
Times West Virginian - Jeers to the GOP Supermajority in the West Virginia Legislature for disregarding the facts and plain, simple history. They listened to anti-tax proponent Grover Norquist to inform how they want to cut the state’s income tax, the same architect behind Kansas’ failed tax cuts of a decade ago. According to research…
West Virginia MetroNews - Delegates took up and then passed a multi-faceted tax cut bill late in a Saturday session, reaching legislative consensus on an issue that has roiled this regular session. Read the full article. “This is lowering the tax burden for the people of West Virginia,” said Delegate Marty Gearheart, R-Mercer. Delegates passed…
For Immediate Release: March 4, 2023 Contact: Kelly Allen, 304-612-4180 Charleston, WV – This week in the West Virginia Legislature reflects politics at its worst. Delegates are being pressured to vote to increase health insurance costs for PEIA members in exchange for a pay raise and a tax cut package. But this isn’t a fair trade at all. The tax…
Charleston Gazette-Mail - When I heard that the state Senate rushed through yet another personal income tax cut proposal, it made me feel like I’m living in a very unfunny version of the movie "Groundhog Day." Read the full op-ed. For those of us not experiencing much of what Gov. Jim Justice has called a…
Center Square - West Virginia collected $407 million in taxes and fees in February, more than $110 million ahead of the budgeted estimate for the month. Read the full article. That puts the state $1.1 billion ahead of the budgeted estimates for the fiscal year through nine months. The $4.1 billion in total collections for the fiscal…
The start of a new month always brings with it new economic data. In addition to new revenue numbers and natural gas price data, Governor Justice also revised his FY 2024 revenue estimates upward with little explanation. All told, what we saw this week should give lawmakers pause as they consider making large, permanent tax…