Youngkin: Virginia Taxes Too High; McAuliffe Would Increase Virginia Families’ Tax Bill by Thousands
Small business owners are thanking NFIB endorsed candidate Glenn Youngkin for pledging to lower taxes for Virginia families and struggling small business owners during the last gubernatorial debate. Earlier this month, NFIB endorsed Glenn Youngkin, who tonight acknowledged that Virginia taxes are too high and pledged that if elected governor, he would reduce the government burden on small businesses, their employees, and families.
During tonight’s debate, when asked about the tax status in Virginia, Glenn Youngkin said that “Virginia is losing out because our taxes are too high. We are going to lower them and make the cost of living lower in the Commonwealth. I am the candidate that will stand up for Virginia workers. We must grow the state’s economy and not let it stall. By doing this we will lift up all Virginians.”
Former Virginia Gov. Terry McAuliffe, however, has suggested numerous policy changes, which a recent report found would cost the average Virginia family about $5,400. That same report found that a McAuliffe administration would increase Virginia’s operating budget spending by more than $8.3 billion. The study also concluded that McAuliffe doesn’t have a plan to pay for the increased spending, and if that increased spending was completely offset by taxes, it would be the largest tax increase in the state’s history.
“What small business owners can take away from this last gubernatorial debate is that Glenn Youngkin is the true small business candidate, “said Nicole Riley, NFIB State Director in Virginia. “Tonight, Youngkin pledged to lower taxes in the Commonwealth, which would help struggling small business owners recover from this devastating COVID-19 pandemic. Meanwhile, his opponent’s plan would increase taxes to hard working Virginia families and small business owners by thousands of dollars a year. Increasing taxes would be devastating to Virginia. The path is clear: Glenn Youngkin is the pro-business candidate.”
Early voting for the gubernatorial race started last month. Election day is November 2nd.
