From our friends at West Virginia Center on Budget and Policy
West Virginia legislators are currently considering whether to—once again—cut the state’s already low severance tax. This would prove costly and harmful to our state budget.
An additional severance tax cut would largely serve out-of-state corporations and would mean West Virginia could miss out on hundreds of millions of much needed new revenue that it could otherwise use to address outstanding needs or make new—and necessary—investments.
West Virginia’s natural resources are finite, and West Virginians deserve to benefit from their extraction.