West Virginia’s personal income tax to drop by 4% next year, Gov. Justice says
7 months, 1 week ago

West Virginia’s personal income tax to drop by 4% next year, Gov. Justice says

Associated Press  

CHARLESTON, W.Va. — West Virginians will see their personal income taxes drop by 4% in the new year, Gov. Justice has stressed that he wants to see the personal income tax eliminated to promote economic growth in one of the nation’s poorest states, and he has tried repeatedly to persuade state lawmakers to cut the tax completely. “We all know, at the end of the day, getting rid of the personal income tax will bring more goodness and more people to our beautiful state.” Justice said last month that he anticipated the income tax dropping by around 4% starting next year, but that he wanted to call lawmakers back to the Capitol for a special session to consider a further cut of 5%. The West Virginia Center On Budget and Policy has urged caution on further tax cuts, saying the personal income tax is the state’s largest source of revenue and that years of flat budgets have meant education and childcare needs have gone unmet.

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History of this topic

Jim Justice says he turned West Virginia’s budget from cow dung to gold. Gov. Morrisey disagrees
1 month, 2 weeks ago

Jim Justice says he turned West Virginia’s budget from cow dung to gold. Gov. Morrisey disagrees

Associated Press  

CHARLESTON, W.Va. — U.S. Sen. Jim Justice said he transformed West Virginia’s financial policy from cow dung into gold during his time as governor. Despite the now-U.S. senator’s assurances that he was leaving the state in glowing financial condition, Morrisey announced a week into his term that he had “inherited” from the Justice administration a projected $400 million budget deficit …

Speaker White, Lt. Gov. Hosemann unveil tax cuts, other proposals as 2025 legislative session starts
2 months, 2 weeks ago

Speaker White, Lt. Gov. Hosemann unveil tax cuts, other proposals as 2025 legislative session starts

Associated Press  

Mississippi’s top legislative leaders on Monday unveiled details of their different plans to cut state taxes and potentially expand Medicaid coverage to the working poor, likely two of the main issues that will be debated at the Capitol over the next three months of the 2025 legislative session. Delbert Hosemann said he intends to push a proposal through the Senate …

Income tax cut expected to be a top priority as Kentucky lawmakers convene for a 30-day session
2 months, 3 weeks ago

Income tax cut expected to be a top priority as Kentucky lawmakers convene for a 30-day session

Associated Press  

Kentucky’s Republican-dominated legislature convened Tuesday to start a 30-day session expected to include action to reduce the state’s individual income tax rate. Top GOP lawmakers announced last year that the state had met the financial conditions needed to set in motion another cut in the tax rate. As lawmakers were opening their session, Beshear reaffirmed his support for the tax …

Kentucky meets conditions for lawmakers to cut income tax in 2026
7 months, 1 week ago

Kentucky meets conditions for lawmakers to cut income tax in 2026

Associated Press  

FRANKFORT, Ky. — Kentucky has met the financial conditions needed to set in motion another cut in the state’s personal income tax rate that could take effect in 2026, top Republican lawmakers said Wednesday. State budget officials confirmed the financial triggers were satisfied, clearing the way for lawmakers to reduce the individual income tax rate to 3.5% from 4%, effective …

How aging West Virginia is suffering from a shrinking workforce but refuses a common solution used by other states
9 months, 1 week ago

How aging West Virginia is suffering from a shrinking workforce but refuses a common solution used by other states

Daily Mail  

West Virginia has the second worst labor shortage in the entire country because its population is aging and people simply aren't moving to the state. West Virginia Governor Jim Justice signed legislation last year banning 'sanctuary cities' and deployed the state's own National Guard troops to the US-Mexico border to stem the flow of migrants. In recent years, the number …

West Virginia Legislature ends session with pay raises, tax cut and failure of social issue bills
1 year ago

West Virginia Legislature ends session with pay raises, tax cut and failure of social issue bills

Associated Press  

CHARLESTON, W.Va. — West Virginia’s Republican-dominated state Legislature on Saturday concluded a 60-day session marked by budget disputes and controversial social issue bills that advanced but ultimately didn’t go anywhere. Lawmakers conferenced behind closed doors Saturday to reach an agreement on a budget just under $5 billion, bills that would cut unemployment benefits, a Social Security tax cut and a …

West Virginia House OKs bill to phase out Social Security tax
1 year, 1 month ago

West Virginia House OKs bill to phase out Social Security tax

Associated Press  

CHARLESTON, W.Va. — West Virginia’s Republican-led House of Delegates approved a bill Thursday that would cut and gradually phase out the state income tax on Social Security benefits. In 2019, the Legislature passed a bill cutting the income tax on Social Security benefits for the state’s lowest earners — those making less than $100,000 filing jointly and $50,000 for a …

Virginia legislative leaders say budget talks break down, future steps uncertain
1 year, 9 months ago

Virginia legislative leaders say budget talks break down, future steps uncertain

Associated Press  

RICHMOND, Va. — Top Virginia legislators said Tuesday that talks in Richmond about the long-running partisan impasse over updates to the state budget have broken down and negotiators have been sent home. Senate Democrats said at the time that tax cuts beyond the $4 billion they agreed to last year would be irresponsible with a possible recession on the horizon. …

West Virginia tax cut digs deep into budget surplus
2 years ago

West Virginia tax cut digs deep into budget surplus

Associated Press  

CHARLESTON, W.Va. — West Virginia’s governor signed a bill Tuesday that returns more than $750 million to state residents, including a reduction in the personal income tax. “We invite any and everyone to this great state to bring their business opportunities to us, to bring their jobs to us, to bring their folks to us.” The nonprofit West Virginia Center …

Mississippi tax cut bills stall despite GOP leaders’ push
2 years, 1 month ago

Mississippi tax cut bills stall despite GOP leaders’ push

Associated Press  

— Tax relief proposals favored by Mississippi Gov. But a group of lawmakers is concerned about passing another income tax cut ahead of November’s legislative elections, Lamar said. “Coming off the heels of last year’s income tax bill, and this being an election year, there are a few that would just prefer to wait a little longer before making further …

Gov. Justice pitches 50 percent income tax cut over 3 years
2 years, 2 months ago

Gov. Justice pitches 50 percent income tax cut over 3 years

Associated Press  

CHARLESTON, W.Va. — West Virginia Gov. Justice said state legislative leadership told him to either to give up on trying to cut income tax or “make a big splash.” “And so here comes me cannonballing into the pool,” he said, to applause from some members of the crowd gathered in the House of Delegates chamber. tonight I’m proposing our West …

EXPLAINER: Tax cut trend reaches two-thirds of states
2 years, 5 months ago

EXPLAINER: Tax cut trend reaches two-thirds of states

Associated Press  

— States brimming with cash are cutting taxes at a rapid pace. With the enactment Wednesday of an income tax cut in Missouri, about two-thirds of U.S. states have adopted some sort of tax relief in 2022. Mike Parson said the estimated $760 million reduction, when fully phased in, will be “the largest tax cut in the state’s history.” Under …

Revenue windfall pushes states to consider range of tax cuts
3 years, 1 month ago

Revenue windfall pushes states to consider range of tax cuts

Associated Press  

— Soaring tax revenue and billions in pandemic aid from the federal government have left many states with an unusual problem — too much money. “States have more money than they can realistically and sustainably spend,” said Jared Walczak, vice president of state projects at the Tax Foundation, a Washington-based think tank that advocates for tax policies fostering growth. Walczak …

West Virginia weighs income tax cut to stem population loss
3 years, 11 months ago

West Virginia weighs income tax cut to stem population loss

Associated Press  

CHARLESTON, W.Va. — With West Virginia about to lose another congressional seat because of steady population decline, some Republican lawmakers are convinced a massive income tax cut is the key to reversing the trend. A controversial tax on groceries was scrapped from the Senate bill after the governor called it a “showstopper.” In an interview before his bill stalled, Justice …

Analysis: Advocates split over Mississippi tax cut proposals
4 years ago

Analysis: Advocates split over Mississippi tax cut proposals

Associated Press  

— Policy groups are deeply divided over a proposal to phase out Mississippi’s personal income tax, with some saying the change could spur economic growth and others saying it could curtail funding for schools and other essential services. because it requires wealthier individuals to pay their fair share.” Roby said One Voice wants a “fully funded education system, Medicaid expansion, …

How Tax Cuts Led To West Virginia's Massive Teacher Strike
7 years ago

How Tax Cuts Led To West Virginia's Massive Teacher Strike

Huff Post  

Dave Jamieson/HuffPost Striking teachers and other public employees in West Virginia have shut down schools across the state for more than a week, flooding the capitol in Charleston each day to rebuke their lawmakers. “Well, we can’t afford it because we’ve done these large tax cuts.” A decade ago, West Virginia began gradually winding down certain business taxes that could …

Virginia’s would-be governors vow to change state’s taxes
7 years, 6 months ago

Virginia’s would-be governors vow to change state’s taxes

Associated Press  

RICHMOND, Va. — What would a political campaign be without promises of tax cuts and reforms? Republican Ed Gillespie is promising an across-the-board cut on income taxes, Democrat Ralph Northam vows to cut on grocery sales taxes for the poor, and Libertarian Cliff Hyra wants to ban some local business taxes. Virginia’s budget is heavily dependent on state income taxes, …

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