Frank Wagner in 2017 VA Governor's race


On Tax Reform: We need income tax for programs and AAA bond rating

Intelligent conservatives committed to good government and low taxes have thought about cutting the income tax for years. Unfortunately the income tax is a MAJOR source of income for the Commonwealth and it is a critical component of the revenue we need to balance the budget each year. Tinkering with the income tax has enormous long-term fiscal implications for a state with a AAA bond rating.

Ed Gillespie's tax plan is typical of a DC-insider and proves definitively that he doesn't know anything about state government or our obligations to Virginia families & businesses. This so-called tax plan is really a lazy political stunt.

Gillespie's idea to take 40% of the projected growth in revenue and set it aside for an income tax cut ignores the fact that we are required to deal with federally-mandated Medicaid payments; we have to reduce the cost of college tuition; and we have untold billions of dollars in mandated water quality improvements that must be completed.

Source: 2017 Virginia governor campaign website WagnerVaGovernor.com Mar 16, 2017

The above quotations are from 2017 Virginia Gubernatorial race: debates and news coverage.
Click here for other excerpts from 2017 Virginia Gubernatorial race: debates and news coverage.
Click here for other excerpts by Frank Wagner.
Click here for other excerpts by other Governors.
Please consider a donation to OnTheIssues.org!
Click for details -- or send donations to:
1770 Mass Ave. #630, Cambridge MA 02140
E-mail: submit@OnTheIssues.org
(We rely on your support!)

Page last updated: Feb 18, 2023