Politicians’ vision for state’s financial future doesn’t fit the reality
Gov. Justice is beating the same income tax drum he banged on through most of the regular legislative session, and he’s drumming up even less enthusiasm this time around. In the latest iteration of his taxation fixation, Justice proposes to slash personal income taxes by up to 10%. This, even as legislators still have an eye on the personal property tax cut set to be on the ballot in November. Of course, how much you save depends on how much you make. So, like every proposed income tax cut, this one helps higher earners more than it helps lower earners. According to 2019 data ...