ICYMI: Americans for Tax Reform blasted the budget proposed by Virginia Democrats Friday, highlighting the $2 billion tax increase included in the proposal.
Americans for Tax Reform: Virginia Democrats Continue Efforts to Raise Taxes in New Budget
Democrats in Old Dominion continue to push forward with a budget that will impose sweeping new, higher sales taxes on critical products and services across the state.
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These efforts would lead to almost $2 billion in additional taxes on families and businesses across the Commonwealth.
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With just a 1-seat majority in both chambers, Democrats’ tax hike efforts on a wide-ranging slate of products and services reveal just how out of touch their agenda is with the real struggles of working families and the business community. Collecting another $2 billion in new taxes every year is the last thing Virginians need.
This is why Governor Glenn Youngkin originally proposed a 12% across-the-board income tax cut for all Virginia residents, bringing the state’s top income tax rate down to 5.1%. In contrast to Democrat leaders in the House and Senate, Governor Youngkin is working to return more money to hardworking taxpayers.
As the legislative session concludes lawmakers in Richmond should work to kill billions in unnecessary tax hikes and instead adopt the Governor’s tax cut proposal. Families deserve to keep more of their income, not be subjected to a slew of taxes on basic items.
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