Virginia’s ongoing scandals of racist yearbook photos and resignation demands are starting to have repercussions on the state’s 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...
