West Virginia Gov. Jim Justice pitches 50 percent income tax cut over three years
CHARLESTON, W.VA. (AP) - West Virginia Gov. Jim Justice has unveiled his most ambitious personal income tax proposal yet: a 50 percent reduction over the next three years.
The Republican governor called the plan a ``West Virginia tsunami’' during his State of the State address.
The tax cut would be incremental over the course of three years: 30 percent the first year and then an additional 10 percent each year after that, Justice said.
He is also proposing eliminating the car tax, a five percent raise for all state employees, a $1,500 bonus for some retirees, and putting $100 million into the Public Employees Insurance Agency.
Justice said his proposed budget will again be ``relatively flat’' this year.
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