Tax Relief

Youngkin Proposes $ 1.5 Billion In Tax Reduction From Surplus, College Election Plan From Bailout Fund | Nation and regional information

The plan, shared with the Richmond Times-Dispatch, offers a glimpse of Youngkin’s priorities as he battles for the state’s top job that no Republican has held since 2014. Youngkin competes against former governor Terry McAuliffe, the Democratic candidate.

McAuliffe spokeswoman Christina Freundlich criticized Youngkin’s plan, saying it would “withdraw” money from Virginia public schools.

“All of Glenn Youngkin’s ‘plans’ have one thing in common: They would decimate public school funding and plunge Virginia’s economy straight into the ditch Glenn loves to talk about,” Freundlich said.

The McAuliffe campaign also criticized Youngkin’s proposal to abolish state income tax – a plan the campaign has not yet detailed.

“His Trumpian tax plan would blow a massive hole in our budget and lead to drastic cuts in public education and the police,” added Freundlich.

Youngkin, a former private equity manager, never held public office. Republicans who support his ideas will have a hard time getting them through during the special session that begins Monday. The Democrats, who control both houses of the General Assembly, have banned individual lawmakers from submitting budget proposals. House minority leader Todd Gilbert, R-Shenandoah, said during a news conference recently that his faction will be expelled from the trial.

Related Articles