Deal Emerging on Budget and Taxes?
Amidst all that is happening in Richmond, the legislature continues its work, most recently on the budget. You can see my opening remarks on the budget proposed by the House Appropriations committee here. In my view, although the proposed budget was a good effort, it missed historic opportunities to invest substantially in what Virginians desire and need, from K-12 education to environmental initiatives to affordable housing. I voted against this budget because I believe we can do better.
Instead of recognizing and addressing the regressive burden last year’s federal tax changes placed on our lowest income earners, our Republican colleagues doubled down on the Trump tax scheme, and left working Virginia families at the lowest end of the wage scale to pay the most (proportionally) in state taxes. House Republicans rejected a series of amendments to restore many of the progressive initiatives the Governor had proposed, as well as a Democratic initiative to provide an immediate tax refund to working families. The budget also cut efforts to dedicate funds for coastal resiliency as we fight the effects of global climate change; you can see the debate on this here. [Read more…]