Tax and Budget

February 11, 2022 by Renee Alves
WV House Advances Personal Income Tax Phase-out Bill

Charleston Gazette-Mail, Huntington Herald-Dispatch, Williamson Daily News, Tax News Daily - The West Virginia House of Delegates passed a bill cutting personal income tax rates by 10% in a 76-20 vote on Friday. read the full article. House Bill 4007 now heads to the Senate. If passed into law as it currently reads, the bill…

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February 10, 2022 by WVCBP
EDITORIAL: The Good, the Bad and the Stupid 4

The Dominion Post, Yahoo News - Feb. 10—We're running our weekly roundup a little early this week, and we'll mostly be focusing on the "good " and the "stupid " today. The "bad " will come tomorrow. Without further ado, let's take a look at what the Legislature has been up to. Read the full…

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February 9, 2022 by Kelly Allen
Financial Proposals Could Run Into Each Other, Federal Restrictions, Fiscal Gravity

West Virginia MetroNews - Financial proposals circulating at the Statehouse could wind up collapsing under the weight of their own competition, through the restraints of federal guidelines or because of dawning fiscal reality. Read the full article. Gov. Jim Justice’s proposed pay raise of an average 5 percent for most state workers is the best…

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February 8, 2022 by Sean O'Leary
Personal Income Tax Repeal Facing Legality Questions

Charleston Gazette-Mail, Huntington Herald Dispatch - The West Virginia House Finance Committee passed a personal income tax repeal phase-out bill in about three minutes Monday, but the legislation still faces an uphill fight. Read the full article. With no discussion or questions asked of counsel, committee members passed House Bill 4007, which first would implement…

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February 6, 2022 by Kelly Allen
Delegates Take a Fresh Look at Income Tax Cuts, with a More Gradual Approach

West Virginia MetroNews, Toys Matrix - Proposals to cut West Virginia’s personal income tax dominated last year’s regular legislative session, but no one could exactly agree on how to structure the cut. Read the full article. House Finance Chairman Eric Householder, R-Berkeley, is giving the income tax cut another try. He is the lead sponsor…

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January 31, 2022 by Sean O'Leary
Joe Manchin, Budget, and Girl Scout Cookies on This Week’s Episode of Inside West Virginia Politics

WOWK TV - On this week’s episode of Inside West Virginia Politics, co-hosts Mark Curtis and Amanda Barren talk to people about infrastructure, Justice Stephen Breyer’s retirement, the annual Budget Breakfast, and Girl Scout cookies. Watch the full segment. In Segment One, Mark Curtis sits down with Rep. David McKinley (R-WV) to talk about the $6 billion that is coming to West Virginia.…

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January 28, 2022 by WVCBP
Gov. Justice’s Rocketship is Running Out of Fuel

Beckley Register-Herald - It is simply laughable that Gov. Jim Justice, at every turn, criticizes President Joe Biden and his administration for everything unrelated to the state of affairs in West Virginia – from “open borders” with Mexico to our nation’s exit from the war in Afghanistan – while taking full credit for an economic…

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January 26, 2022 by Sean O'Leary
Low Revenue Estimates Are Not a Reason to Pursue Tax Cuts

Earlier this month, Governor Justice released his FY 2023 budget proposal. Once again, the governor is proposing a relatively "flat" budget with few changes from the previous year. However, like with the FY 2022 budget, low revenue estimates and a lack of a six-year plan are complicating the budget picture, preventing investments in the state's…

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January 26, 2022 by Sean O'Leary
W.Va. Governor Proposes Flat Budget, Some Seek More Investment in State

Farm and Dairy - West Virginia Gov. Jim Justice recently announced a proposed state budget for fiscal year 2023. Read the full article. The overall budget is essentially flat, staying consistent in investments in food, agriculture, natural resources and infrastructure, with just a 1.4% increase from last year’s budget to just over $4.6 billion. Most of that…

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