Home » World News » West Virginia Gov. Jim Justice touts plan to repeal personal income tax: 'Opportunity beyond belief'
West Virginia Gov. Jim Justice touts plan to repeal personal income tax: 'Opportunity beyond belief'
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EXCLUSIVE: West Virginia Gov. Jim Justice is making the case for his proposal to repeal the personal income tax, telling FOX Business it is “an opportunity beyond belief” to transform the state and make all West Virginians “cash positive.”
Justice, in an exclusive interview with FOX Business, said the state has “poised itself from an economic standpoint and opportunity standpoint to go right to the elimination of our personal income tax.”
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“We are ready,” Justice told FOX Business. “We’ve got a strong economy, the state is right side up, and with this, it will take us to another level beyond belief.”
Justice, earlier this month, first laid out his proposal to reduce the state income tax by 60% for the first year, leading to an eventual repeal of the tax in approximately three years.
“We embarked on this, saying, how do we make everybody cash positive — even the people that don’t pay income taxes,” Justice explained. “So we came up with $52 million in cash rebates to those people, so they can pay a little more in consumer sales tax … and still end up with money in their pocket.”