New Legislative Interim Committee Will Tackle WV Tax Structure Changes
The State Journal -An interim committee tasked with examining West Virginia's tax structure will have meetings in May to hear from experts on tax reform. Senate President Bill Cole, R-Mercer, said he hoped creating a committee to focus on the issue of taxes would promote economic growth in the Mountain State. Read
House Speaker Tim Armstead, R-Kanawha, said the purpose of the committee will be to create a bipartisan effort addressing a number of challenges the state's tax structure has created.
"We've had good ideas brought forth," Armstead said. "We're going to have to roll our sleeves up and work very hard to find the right balance in these areas."
One thing suggested during a short meeting of lawmakers April 13 was to cut the state's income tax. But policy analysts from the West Virginia Center on Budget and Policy say that is not the way to go.