Posted on 02/08/2019 6:52:50 AM PST by conservative98
Virginias ongoing scandals of racist yearbook photos and resignation demands are starting to have repercussions on the states taxes and spending.
The 2017 federal tax cut signed into law by President Trump capped the amount of state and local taxes that could be deducted, which could add up to a higher tax bill to some Virginians. This year, Virginia Republicans wanted to cut taxes to offset that by raising the standard deduction on state income taxes.
This morning Democratic Governor Ralph Northam and Republicans in the state legislature announced they had worked out a deal on tax cuts. In addition to raising the deduction by 50 percent, to $4,500 for individuals and $9,000 for couples, the deal also provides individual taxpayers a rebate $110 and married couples a rebate of $220 to be delivered in October. Thats one month before every incumbent state legislator seeks reelection.
The October tax rebate will help the GOP incumbents in this Novembers state legislative elections, while GOP challengers will be running ads Senator/Representative-so-and-so opposed the tax rebate youre now receiving.
Its less of a deal than a significant surrender; as the Richmond Times-Dispatch reports, the compromise does not include any of the spending that Northam proposed in the budget plan he introduced in December.
Why did Northam agree to the deal? Watching almost every member of his party in the state call for his resignation may have made him less motivated to fight for their priorities particularly when his former allies take a less-adamant stance regarding scandals involving the lieutenant governor and state attorney general. Northam is reportedly toying with the idea of leaving the Democratic Party and governing as an independent.
(Excerpt) Read more at nationalreview.com ...
Couldn’t happen to a better cockroach.
Thank you Ralph. Doesn’t matter who does it as long as things like this get done. How can democrats call for Northam to step down when the AG did the same thing ? The AG made a lie up, imo, that he was honoring a rapper. Yeah, right.
Keep Northam in Governor. He gave us a tax cut.
[[[The AG made a lie up, imo, that he was honoring a rapper. Yeah, right.]]]
LOL. Yeah, rappers in 1980.
Blackface AND Trump-like tax cuts?
My Gawd, he really IS a racist! /sarc
Reminds me of this line from a review of BlackKKlansman in National Review:
“He has one cop tell us that anti-immigration rhetoric, opposition to affirmative action, and tax reform are the kinds of issues that white supremacists will use to snake their way into high office.
Tax reform! If there has ever been a president, or indeed a politician, who failed to advocate tax reform, I guess I missed it. What candidate has ever said on the stump, My fellow Americans, I propose no change to tax policy whatsoever!
https://www.nationalreview.com/2018/08/blackkklansman-spike-lee-production/
Sleep with snakes, get bit...
Looking forward to coonman’s rebate.
Illiterates how crucial maintaining control of the State leg is for VA taxpayers.
By “Illiterates” I of course meant “illustrates”.
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