Michael Caryl, Senior Fellow at the Public Policy Foundation of West Virginia presented the PPFWV's Fair 55 Tax Reform Plan at a meeting of the Vandalia Rotary in Charleston this morning. In his presentation, Caryl, a Yale University law graduate and partner in the statewide firm Bowles Rice, noted that the Fair 55 Plan would:
1. Balance stimulus of economic growth, a reliable and efficient revenue-generation system and fairness to all taxpayers.
2. Protect West Virginia retailers from both unfair border and electronic commerce competition.
3. Obtain the blessing of the voters and taxpayers for a fair and simple tax structure.
4. Free local governments and voters from centralized “one-size-fits-all” state fiscal policy.
5. Enable the right-sizing and restructuring of state and local government according to the consent of the governed.
Read a one page summary or the entire plan by clicking below.