W.Va.'s Drop in Report Cited in Tax Reform Push
Charleston Gazette -Launching the inaugural meeting of a new legislative interim committee on tax reform Monday, Senate President Bill Cole, R-Mercer, cited the American Legislative Exchange Council's "Rich States, Poor States" report, which in its most recent edition dropped West Virginia from 30th to 36th in its rankings. Read
In talking with the authors of the study, Cole said he was told the drop wasn't because of adverse changes in the state's tax code, noting, "It's more or less, the other states are moving forward in aggressively cutting taxes."
Cole added, "I think the time has come that we need to act."
House Speaker Tim Armstead, R-Kanawha, said of the mandate of the Joint Select Committee on Tax Reform: "We have a tax structure in West Virginia that's broken, that's burdensome, and that's bewildering to a lot of people."