W.Va. officials want to cut the income tax, but it's a big budget challenge

[Lasher]

West Virginia’s top elected officials are aiming at phasing out the state income tax, but doing so would be a major lift.

The personal income tax represents 43 percent of the General Fund, or $1.97 billion of the base budget this fiscal year. In other words, it represents almost half of how state government pays for the basic services of state agencies.

Over the past several years, West Virginia has had to dip into money that had been set aside to match Medicaid expenses just to meet its General Fund demands.

The leaders who have been vocally advocating for the income tax’s elimination include Gov. Jim Justice and incoming Senate President Craig Blair, R-Berkeley.

https://wvmetronews.com/2021/01/17/w-va-officials-want-to-cut-the-income-tax-but-its-a-big-budget-challenge/

What a great time to bankrupt the state just so Justice and his cronies can get even richer.

[stopdiggin]

1. But -- "tax cuts pay for themselves"

So -- boom time in WV! Money gonna' be rollin' in!

[Lasher]

2. A rising tide lifts all boats, yada yada yada.

This was never anything more than well funded decades of lies to make rich people richer.

50-year study of tax cuts on wealthy shows they always fail to "trickle down"