HB 4892 – House Passage RCS# 366
Economic Opportunity
As we have seen with the federal Tax Cuts and Jobs Act, allowing West Virginians to keep more of their hard-earned money helps individuals and families invest in themselves and fulfill their potential. CHB 4892 would have created a fund dedicated to reducing West Virginian’s personal income tax burden that, in the long term, would have helped create jobs, grow our state’s gross domestic product and help all West Virginians prosper. History shows us that over-spending is the real driver of government deficits that put our state’s financial future in jeopardy—so using designated additional revenue to buy down West Virginians’ tax burden, as opposed to having that revenue used to further increase out-of-control state spending, would have been a positive step toward safeguarding Mountaineers’ pocketbooks.