Welcome to West Virginia Sign: I-64 East by formulanone is licensed under CC BY-NC-SA 2.0
Americans for Tax Reform commends Speaker Roger Henshaw, Majority Leader Eric Householder and the West Virginia House of Delegates for Passing HB2526, which will cut the state income tax by 50% over the next three years. This pro-growth legislation will make West Virginia an even better place to live, work, and raise a family.
Grover Norquist, President of Americans For Tax Reform released the following statement:
“This pro-growth income tax cut will be a a huge win for all West Virginians,” said Norquist. “West Virginia lawmakers have repeatedly held the line on the growth of state spending by adopting flatline budgets and adding hundreds of millions in base-budget building. This surplus should be used to lower income tax rates and keep more money in the hands of taxpayers across the Mountain State. I commend Speaker Roger Henshaw, Majority Leader Eric Householder and House Republicans for taking this important step towards making West Virginia more competitive.”
Numerous states are using revenue surpluses to eliminate their income taxes to grow economically and gain a competitive advantage. Many other states with income taxes are flattening and reducing them.
West Virginia is seeing increased competition from states across the country, including its neighbors, Virginia and Kentucky that are improving their tax climates. Reforms enacted over the past year have sparked many Americans to move to low or no tax states, with Arizona, Florida, Texas, and others seeing huge population booms, while high-tax New York and California, saw massive decreases. HB2526 will make West Virginia a much more attractive destination for those looking to flee oppressive tax and regulatory climates and will provide an economic boost to the Mountain State.