WV Gov. Floats Plan to Eliminate Income Tax, Raise Severance Tax

A few weeks ago during his "State of the State" address, West Virginia Gov. Jim Justice announced a plan to eliminate the state's personal income tax. Who wouldn't love that idea? We sure would! But in order to replace the $2.1 billion received annually from the personal income tax, Justice would raise other taxes, including a tiered system that potentially raises the state's oil and gas severance tax. We don't like that idea so much. However, the reaction to Justice's proposal by the Gas and Oil Association of West Virginia (GO-WV) may surprise you.

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