Evidence Counts: Tax Reform Might Improve WV’s Business Tax Climate, Sound Familiar?
ITEP Work in ActionToday, the House will vote on HB 2933, the latest version of “tax reform” in the state. HB 2933 would broaden the sales tax base, lower the sales tax rate to 5%, and create a flat 5.1% income tax rate. The bill would drastically increase West Virginia’s already regressive tax system. The vast majority of West Virginians would pay more in state taxes under the proposal, while the wealthiest 1% would receive an average tax cut of over $6,000.