WSAZ – The completely rewritten West Virginia Senate version of the state personal income tax elimination plan was introduced on the chamber floor Thursday morning. Read the full article.
An analysis of the proposal by the West Virginia Center on Budget and Policy found that it will provide tax cuts for the wealthy while increasing taxes and forcing budget cuts on the less fortunate.
The report said the Senate plan would raise taxes for the lowest earning 60 percent of West Virginians in the first year. They would be most impacted by the increased sales tax, which will be the highest state sales tax in the nation, and the reintroduction of the food tax, that only 14 other states currently have.