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Tue, January 7, 2025
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Youngkin wants tax relief legacy; Dems in assembly have other ideas

Youngkin wants tax relief legacy; Dems in assembly have other ideas


Published on 2025-01-07 17:20:38 - Richmond
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  • Portsmouth, expects a "boring session" of the General Assembly to begin on Wednesday, but that may be wishful thinking. Lawmakers began arriving in Richmond this week with the Capitol complex temporarily closed because of a breakdown in public water service in Richmond after a winter storm.

Governor Glenn Youngkin of Virginia has proposed a $1 billion tax relief package, aiming to leave a legacy of tax cuts as he approaches the end of his term. His plan includes reducing the top income tax rate from 5.75% to 5.5%, increasing the standard deduction, and offering tax rebates. However, Democratic leaders in the Virginia General Assembly, who control both the House and Senate, have expressed skepticism about these proposals. They argue that the state should focus on funding public services like education, mental health, and law enforcement, which they believe are underfunded. Democrats are pushing for investments in these areas rather than tax cuts, highlighting a significant policy divide as the legislative session begins. This contention sets the stage for a potential clash over budget priorities in the upcoming legislative session.

Read the Full Richmond Article at:
[ https://richmond.com/news/state-regional/government-politics/youngkin-wants-tax-relief-legacy-dems-in-assembly-have-other-ideas/article_d44d9e88-cd0c-11ef-9465-6f3d5fac9a89.html ]
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