West Virginia MetroNews – If one income tax proposal wasn’t enough to figure out, now West Virginians have two. Read the full article.
Gov. Jim Justice introduced a 60 percent cut in the personal income tax a few weeks ago, offsetting the reduction by increasing and expanding sales taxes.
The House Finance Committee this week passed a different proposal that would cut at least $150 million in income taxes a year over a 12-year span. That proposal does not contemplate any other tax increases to make up for the cut and has already raised questions about how to sustain government services with compounding income tax cuts over the long haul.
If that’s not complicated enough, there’s a political element of trying to guess how or if the governor and the Legislature might or might not wind up with anything they can agree on.
