CHARLESTON, WV (WOWK) — Workers in West Virginia could get a healthy cut in their income tax, though critics say it would be better to cut the sales tax.
A bill to reduce state personal income tax passed the finance committee and is now before the full House. This would reduce West Virginia income tax by 10% in all different tax brackets. Democrats have circulated a plan to cut the state sales tax from 6% to 4.75%. But with a Republican supermajority, the income tax cut probably has the best chance.
“It’s going to put more money in people’s pockets. It’s going to bring people here in our state. And I think it’s just a fantastic way to move our state forward and get people moving in instead of moving out,” said MP John Mandt, (R) Cabell.
“Sales tax is a better solution because it does more for low- and middle-income people than reducing income tax. I will say this. the plan they have come up with this year is better than the plan they had last year,” MP John Doyle said.
House Republicans are hoping to pay for the income tax cut, with the state’s growing budget surplus.
Last week, Governor Justice said the surplus now stands at $530 million. A final House vote on the income tax cuts could come on Friday.