A look at what made it through the General Assembly, and what didn't

Politics and Government
Source : (remove) : Richmond
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Sat, February 22, 2025

[ Sat, Feb 22nd ] - Richmond

A look at what made it through the General Assembly, and what didn't

Sun, February 2, 2025

[ Sun, Feb 02nd ] - Richmond

Virginia House, Senate budgets urge $1.1 billion in one-time tax rebates

Fri, January 31, 2025

[ Fri, Jan 31st ] - Richmond

AG Miyares directs VCU, UVA to halt medical care for minors' gender transition

[ Fri, Jan 31st ] - Richmond

Documents: City rejected 2 bids to upgrade switchgear that caused Richmond-region water crisis

Mon, January 27, 2025

[ Mon, Jan 27th ] - Richmond

Unclear how federal hiring freeze affects Hampton VA Medical Center

Sat, January 25, 2025

[ Sat, Jan 25th ] - Richmond

Remembering Henry Marsh III, Richmond's first African American mayor

Fri, January 17, 2025

[ Fri, Jan 17th ] - Richmond

It's freezing outside. And many of Richmond's homeless don't have a place to go.

[ Fri, Jan 17th ] - Richmond

Key bill on data center oversight fails; rural-suburban split emerging

Wed, January 15, 2025

[ Wed, Jan 15th ] - Richmond

Geline Williams, one of two women to serve as Richmond mayor, dies at 100

[ Wed, Jan 15th ] - Richmond

Earle-Sears raises more than $3 million for governor's race

Mon, January 13, 2025

[ Mon, Jan 13th ] - Richmond

Youngkin calls for new school funding formula, faults Clean Economy Act

Sat, January 11, 2025

[ Sat, Jan 11th ] - Richmond

Youngkin backs push for cutting federal workforce, spending

[ Sat, Jan 11th ] - Richmond

For 8 years, city put off replacement of part that caused Richmond water outage

Fri, January 10, 2025

[ Fri, Jan 10th ] - Richmond

For 8 years, city put off replacement of part that caused water outage

Wed, January 8, 2025

[ Wed, Jan 08th ] - Richmond

Water-less, but not grumbling, Virginia legislators meet briefly

Tue, January 7, 2025

[ Tue, Jan 07th ] - Richmond

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

[ Tue, Jan 07th ] - Richmond

Mayor: Richmond water pressure could return Tuesday afternoon

[ Tue, Jan 07th ] - Richmond

A compromise but no consensus on Virginia solar bill

Mon, January 6, 2025

[ Mon, Jan 06th ] - Richmond

A compromise but no consensus on solar siting bill

[ Mon, Jan 06th ] - Richmond

Biden signs Social Security bill, giving Spanberger a boost

Thu, January 2, 2025

[ Thu, Jan 02nd ] - Richmond

Richmond delegate makes surprise visit to Red Onion, calls for more oversight

Wed, January 1, 2025

[ Wed, Jan 01st ] - Richmond

Minimum wage in Virginia increases in 2025, but advocates say it's not enough

Sat, December 28, 2024

[ Sat, Dec 28th 2024 ] - Richmond

Here are Stoney's takeaways from his 8 years as Richmond mayor

Wed, December 25, 2024

[ Wed, Dec 25th 2024 ] - Richmond

How Virginia legislators seek to rein in debt collectors

Tue, December 24, 2024

[ Tue, Dec 24th 2024 ] - Richmond

Feds clear Va. to use $1.48 billion to extend broadband to unserved parts of state

[ Tue, Dec 24th 2024 ] - Richmond

Feds clear Va. to use to extend broadband to unserved parts of state

Fri, December 13, 2024

[ Fri, Dec 13th 2024 ] - Richmond

Youngkin wants to bar funds for police, jails in so-called 'sanctuary cities'

Thu, December 12, 2024

[ Thu, Dec 12th 2024 ] - Richmond

Could 75-cent toll on Chesterfield stretch of Powhite be going away?

Wed, December 11, 2024

[ Wed, Dec 11th 2024 ] - Richmond

Del. McQuinn announces reelection bid, faces primary challenge

Tue, December 10, 2024

[ Tue, Dec 10th 2024 ] - Richmond

Richmond council approves rebuilding historic cottage in Jackson Ward

[ Tue, Dec 10th 2024 ] - Richmond

Virginia to receive $275M federal grant to expand chip factory in Manasssas

[ Tue, Dec 10th 2024 ] - Richmond

In tearful meeting, City Council bids 3 members farewell

Fri, December 6, 2024

[ Fri, Dec 06th 2024 ] - Richmond

More personnel decisions lie ahead in Richmond elections office, board chair says

A look at what made it through the General Assembly, and what didn't

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^{Published in Politics and Government on Saturday, February 22nd 2025 at 12:20 GMT by Richmond}

Legislators filed nearly 2,000 bills, plus more than a 1,000 resolutions in the 2025 General Assembly session. Most died. Here's a look at 20 top issues.

The Virginia General Assembly is currently in session, focusing on Governor Glenn Youngkin's proposed budget, which includes significant tax cuts. The budget proposal suggests reducing the top individual income tax rate from 5.75% to 5.5% and the corporate tax rate from 6% to 5%, alongside increasing the standard deduction. This plan has sparked debate, with some legislators and analysts questioning the sustainability of these cuts given Virginia's revenue forecasts. Critics argue that the tax reductions could lead to future budget shortfalls, especially with potential economic downturns on the horizon. Additionally, there's contention over how these tax changes might disproportionately benefit higher earners. Meanwhile, other legislative priorities include education funding, mental health services, and infrastructure, with both parties looking to negotiate terms that align with their fiscal philosophies and constituent needs.

Read the Full Richmond Article at:
[ https://richmond.com/news/state-regional/government-politics/virginia-general-assembly-youngkin-taxes-budget/article_8adfb244-efcc-11ef-b23a-3f6a7cc30cd4.html ]

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