West Virginia Governor proposes 5% personal income tax cut, potentially returning $115m but also reducing future budgets.

West Virginia Governor Jim Justice has proposed a 5% cut in personal income tax rates, potentially returning $115 million to taxpayers but also eliminating the same amount from future budgets. State Senate leaders seek a plan to offset this revenue loss, emphasizing the need for either spending cuts or alternative funding. Justice is open to spending reductions but has not yet presented a comprehensive plan. A special session is scheduled for September 30 to discuss the proposal.