Home Budget, Economy Video: Youngkin Speaks to Virginia Senate/House Joint “Money Committees”; Proposes “a lot...

Video: Youngkin Speaks to Virginia Senate/House Joint “Money Committees”; Proposes “a lot of cuts to the Virginia tax revenue streams, some *permanently* counting on *temporary* surpluses from federal COVID money”

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This morning, Glenn Youngkin spoke to the Virginia Senate/House joint “money committees.” See here to watch the video. Of course, Youngkin being Youngkin, he spent a lot of time spewing off his b.s., false narrative about how Virginia was supposedly in ruins when he became governor, then he miraculously SAVED us and now we’re kicking butt. What a liar (at a minimum, he distorted/exaggerated).

So what were Youngkin’s major proposals? Among others, he wants to get rid of the “hated” car tax; not tax tipped wages; make the standard deduction permanent; etc. See below for more highlights/reactions/video.

P.S. In the q’s and a’s, the Youngkin administration budget guy put a rosy spin on Trump’s plan to fire federal employees, move them out of the DC area, etc, basically claiming that there were tons of private-sector jobs available and how it would be good for the fired federal employees’ careers. Bonkers.

VAPLAN:

  • “Youngkin mentions ALL the federal govt agencies/depts he’s contacted seeking Hurricane relief funds to repair SWVA communities, says his budget creates a new relief fund. But ofc, when he illegally took VA out of RGGI, he literally threw away funds specifically for that relief!”
  • “Youngkin says how successful his lab school project is. We took $75m from public school funding to pay to start up 15 lab schools, only 6 of which are even open. (He wanted to “invest” $150m, but the leg. cut the budget for it last year.) And now he wants to invest more in them.”
  • “Hearing in Gov’s budget a lot of cuts to the Virginia tax revenue streams, some *permanently* counting on *temporary* surpluses from federal COVID money VA has received. I hope nobody enjoys any of the services the VA govt provides us.”
  • “Youngkin renews his call to eliminate the car tax, something he demanded last budget cycle but then didn’t negotiate to fund. Now he suggests an incremental car tax credit, based on income, funded by this year’s surplus.”
  • “It’s so funny when a GOP governor whose term coincides with a Democratic US Presidency, tries to simultaneously say how awful the President has done but also how wonderful the federal economy has been for our state.”
  • “Youngkin says businesses are moving to VA & we’re creating lots of good jobs. Which is funny bc we did, in fact raise our minimum wage finally in 2021, which GOP folks like him said would DESTROY the labor market in Virginia, w/ businesses going elsewhere where wages were lower.”

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