March 31, 2017

Evidence Counts: Senate Tax Plan Creates Big Budget Hole, Shifts Tax Load Onto Working Families (Updated)

ITEP Work in Action

Last Wednesday, the Senate passed Senate Bill 409 that makes sweeping changes to the state’s tax system that decrease personal income and severance taxes while increasing sales taxes.  Similar to previous Senate tax proposalsSB 409 shifts the tax load onto working families to pay for tax cuts for wealthier West Virginians. On top of shifting tax responsibilities, SB 409 also exacerbates the state’s budget crisis by creating large revenue gaps in future years.

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