Charleston Gazette-Mail – Back in 2007, the West Virginia Legislature dramatically changed the state’s tax system, reducing business taxes by hundreds of millions of dollars per year. The package included phasing out the business franchise tax and reducing the corporate net income tax from 9 percent to 6.5 percent. Other cuts and credits would follow. Read full op-ed.
The annual dollar amount of the cuts, at least $250 million, would have been more than enough to cover the costs of undergraduate tuition for every West Virginian enrolled in state universities, which could have really been a game changer for the state.
Talk about a road not taken.
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