Gov. Jim Justice celebrated a $1.308 billion surplus beyond his own revenue estimate at the end of the fiscal year and then announced that his administration will pursue personal income tax cuts of about 10 percent.
“We have the money to do it,” the governor said in a livestreamed briefing today.
He said the proposal will be tiered “and we’ll try to make it as fair as we can possibly make it.” That would include significant breaks for those in higher brackets, the governor said, saying those are often entrepreneurs and employers. The break also would be retroactive to the start of the tax year starting this past January, he said.