West Virginia Policy Group Offers COVID-19 Recovery Plan
SUMMARY BY TAX ANALYSTS
The West Virginia Center on Budget and Policy released a report detailing its plan for how the state can economically recover from COVID-19, arguing in favor of tax policies the legislature should pursue instead of “expensive and ineffective tax cuts,” including phasing out personal exemptions for high-income individuals, reinstating estate and business franchise taxes, adopting “worldwide combined reporting,” legalizing and taxing cannabis, and enacting an earned income tax credit; the group also outlined steps for improving the “long and complicated” budget process.