UPDATE: West Virginians, Senator Joe Manchin weigh in on tax reform bill

News

A day after the tax reform bill was passed, many West Virginians are speaking out, including one state senator. 

West Virginia Senator Joe Manchin, who voted against the bill, said that initially he did not dispute the likelihood of tax savings.

Fellow Senator Shelley Moore Capito voted for the bill that creates seven tax brackets with reduced rates. It also doubles the standard deduction, child tax credit and business income taxes.

Tax reform backers said most people will see a reduction in their payroll taxes by February 2018.

The individual mandate of the Affordable Care Act was also repealed, which is a key component of the healthcare law. 

“Our big corporations are going to have a lower tax rate, which I think is going to result in a pro-growth agenda, higher wages [and] more jobs. To me, it’s a win-win,” said Sen. Capito.  

“I do not believe that the top-end, the wealthiest Americans, should have had the best and the greatest gains from this tax bill,” said Sen. Manchin. 

No democrats in either the U.S. Senate or U.S. House voted for the bill. 

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Local News Headlines

Days
Hours
Minutes
Seconds

Stay Connected

Events

Don't Miss

More Local News

Trending Stories