A look at Govenor Justice's tax plan for West Virginia
“Massive growth” says Governor Jim Justice:
Eliminating the personal income tax would put West Virginia on the fast track to success.— Governor Jim Justice (@WVGovernor) January 17, 2023
It means more money in your pocket and potentially massive growth here at home. We need to make it happen!
Thanks @MarkCurtisWOWK for having me on over the weekend. pic.twitter.com/hM5Upzo6ZM
(Watch above how a state stenographer works -- notice how Mark Curtis serves-up a softball on taxes to Governor Justice with no pushback on any of Justice's assertions. It's no wonder that Justice thanked him.)
Who wins and loses according to the West Virginia Center on Budget and Policy?
Gov. Justice's personal income tax cut proposal would overwhelmingly benefit the state's wealthiest. While 65% of the $1.5 billion tax cut would go to the wealthiest 20% of households, every West Virginian would pay the price via a decimated state budget. https://t.co/n2K84RC53G— West Virginia Center on Budget and Policy (@WVCBP) January 16, 2023
But will it attract more people to move to West Virginia as Justice argues?
Monday morning chart.— Sean O'Leary (@OLearySW) January 16, 2023
Will cutting income taxes encourage people to move to WV? More people are moving to WV from states with lower income taxes than higher
In 2019, about 39,000 people moved to WV. Of that, over 70% moved here from a state with lower income tax rates. pic.twitter.com/DNk0ZvKdbK
And what does this mean for current state programs?
A refresher on the part of the tax cut debate that gets glossed over. The inevitable budget cuts that follow https://t.co/bSx1FSKty9— Sean O'Leary (@OLearySW) January 12, 2023