Tax reform was one of the most important priorities for Republicans during the General Assembly session this year. Despite a $1 billion tax increase proposed by the Governor, my colleagues and I passed the most significant tax relief plan in 15 years and the second largest tax cut in Virginia history, giving money back to taxpayers.
As a result of Republican leadership, this tax reform package will guarantee at least $976 million in tax relief, or about $400 for every family in the Commonwealth. Later this year, individuals will receive up to $110 and couples will receive up to $220. The plan also increases the standard deduction by 50% beginning in tax year 2019, providing $86 in tax relief for an individual or $173 for a married couple.
By conforming Virginia's tax code to the federal tax cuts enacted last year, we are able to give money back where it belongs (to you) and provide relief to taxpayers. Because conformity requires 80 votes, Democrats initially blocked the legislation, delaying refunds to taxpayers and opposing nearly $1 billion in tax relief to middle-class families. To them, refusing to conform to the Trump tax cuts for political reasons was more important than the real life impact of timely refunds and tax relief for Virginia families.
Once again, this underscores the stark contrast we saw in Richmond this year, illustrating what is at stake in this election. From Lee County to Wythe County, people want and expect leadership and results that have a positive impact on their lives. That is exactly what I have fought to deliver for Southwest Virginia families and it is what I will continue to do if elected to the State Senate. I ask for your vote and support in Gate City on April 25th!
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