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[quote=Anonymous][quote=Anonymous]Great, this dude is going to wreck Virginia’s economy— he wants huge tax cuts and just assumed “growth” will make up the difference.  That has never worked.

“The centerpiece is a package of one-time tax cuts totaling about $1.8 billion and recurring tax cuts amounting to about $1.4 billion per year. The cuts include one-time rebates of $300 for individual taxpayers and $600 for couples filing jointly; suspending an increase in the state’s gasoline tax; and enacting a tax holiday for small businesses. In the recurring part of the package, he proposed doubling the state’s standard income-tax deduction, making it $9,000 for an individual and $18,000 for a couple filing jointly. Another proposal that generated popular support on the campaign trail was eliminating the state’s 2.5 percent tax on groceries. His aides said they were confident that the state could absorb the loss of annual revenue at current expected economic growth rates.”[/quote]

A private equity guy is going to wreck the state's budget?  Who knew?  [/quote]

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