Tax relief and government spending is among the top concerns for the Virginia General Assembly, reports the Richmond Times-Dispatch. Returning to Richmond for short session, leaders in the House of Delegates proposed a tax plan challenging Governor Ralph Northam’s $1.2 billion proposal to help low-income households, improve water quality, and expand access to broadband networks in rural Virginia.
According to the report, the proposed tax plan by Republican leaders calls for tax relief for Virginia’s middle class, two-income households making between $125,00-$150,000, and assistance to low-income households as well.
“Until we resolve the tax policy issues, we will be unable to produce a budget,” House Appropriations Chairman Chris Jones, R-Suffolk, said during a press conference call Friday led by House Speaker Kirk Cox, R-Colonial Heights.
NFIB’s Virginia State Director Nicole Riley shared that the Assembly’s failure to address tax policy in special session last year may have been a wasted opportunity to address Virginia’s tax code.
“We want to see conformity to the federal changes,” said Riley, regarding the need for immediate conformity between the state and federal tax.
