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…
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For Immediate Release: March 15, 2021Contact: Renee Alves, 559-916-5939 Charleston, WV - Last month, Governor Jim Justice proposed what he described as a “flat” budget for FY 2022, with only minor changes from the FY 2021 budget. While the state budget remained stable during the COVID-19 pandemic, that stability relied on tapping reserves, federal stimulus funding, and other temporary…
This week, the House Finance Committee originated and quickly passed their own income tax cut bill (HB 3300) as an alternative to Governor Justice's proposal. Unlike the governor's proposal, the House plan contains no offsetting revenues and would instead lead to massive budget deficits while giving most of the tax cuts to high-income West Virginians.…
West Virginia MetroNews - More than 200,000 West Virginians could see the relief on student loans as part of a forgiveness plan announced by President Joe Biden on Wednesday. Read the full article. Kelly Allen, the Executive Director at the West Virginia Center on Budget and Policy discussed the impact of the plan on West…
West Virginia MetroNews - A House bill to cut the personal income tax by at least $150 million a year until it’s eliminated is on the edge of passage, while Gov. Jim Justice continues to sell a different plan to state and national audiences. Read the full article. House Bill 3300, anticipated to eliminate the income tax…
Daily Athenaeum - Thousands of students at West Virginia University could see some level of loan forgiveness as part of President Biden's plan to wipe out billions of dollars in student debt. The announcement comes at a time when the cost of being a college student has soared. Read the full article. The plan would forgive up…
Mountain State Spotlight - After weeks of little public action on taxes, the Legislature’s newly announced tax compromise is now barreling forward as the end of the session approaches. Read the full article. The deal cleared a major hurdle on Saturday as the Senate, after suspending constitutional rules, introduced and passed a plan that would cut West…
This week, Governor Justice called for a special session to consider yet another attempt to cut the state's income tax. Like previous failed attempts over the past few years, this latest plan would lead to major revenue losses for the state, while giving most of the tax cut to wealthy West Virginians. The personal income…
Gov. Justice Releases Plan To Reduce Personal Income Tax, Outlines Hikes To Make Up For Lost Revenue
West Virginia Public Broadcasting - More than three weeks after he championed the reduction of the personal income tax in his state of the state address, Gov. Jim Justice has unveiled details of the plan. Read the full article. Justice announced Thursday he has submitted a bill to the Legislature to consider. While the bill…
Charleston Gazette-Mail, Huntington Herald-Dispatch - Gov. Jim Justice on Thursday unveiled the long-awaited details of his proposal to cut the state personal income tax — a plan that would use more than $900 million a year in tax hikes to partially offset a $1.07 billion reduction in income tax revenue. Read the full article. Justice,…