CHARLESTON, W.Va. (WSAZ) – After Governor Jim Justice held several virtual town halls on the subject, he took the first step on Thursday to pursue his proposal to lift the state’s income tax.
According to the office of Gov. Justice, the governor has submitted a bill to the West Virginia legislature that he believes will be “a unique opportunity to change the tax structure of West Virginia.”
Governor Justice says the bill aims to raise wages, raise home values, attract more businesses, and make the state more attractive to home buyers.
“We may never have such an opportunity again,” said Governor Justice. “Because of the way we handled the COVID-19 pandemic – how we saved lives, had the best vaccination program in the country, and kept our economy moving – West Virginia is currently in the spotlight of the world. This is the time to take our opportunity!
The governor claims that every West Virginian will benefit from his plan. The governor’s office says all lower income brackets less than $ 35,000 per year will receive a tax rebate check under the plan. Low and high income taxpayers will all see a net positive benefit when this plan comes into effect.
“We all have the building blocks in our state. We have an economy that is really on the starting grid, some of the greatest people you will ever find who are smart, kind, faith-based, and hardworking people, along with four of the best seasons on earth with more natural beauty than you could possibly be maybe imagine. But now we have to take a big step to overdo it. If people look at any other population map 70 years from now, West Virginia will be right up there with the best states in the country, ”said Governor Justice. “The final piece of this puzzle is eliminating our personal income tax. So I propose a plan to make this dream come true, starting with a 60% reduction in state income tax for the first year. “
The total population of the United States doubled from 1950 to 2016, according to a press release from the governor’s office. During the same period, 49 out of 50 states recorded an increase in population. The only state that lost its population during this period was West Virginia. Between 2010 and 2020, the population in West Virginia decreased by 3.8%. This is the largest population decline in the country.
For the invoice summary, click here.
The governor’s bill will be submitted to the West Virginia legislature Thursday. A copy of the full invoice will be available on the legislature’s website once it has been submitted and introduced.
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