2021 VA Governor's race: on Budget & Economy


Jennifer Carroll Foy: Expand tax credit to spur investment in new products

One tool that can get Virginians on the path to stable, high-paying employment is union apprenticeship programs. My administration will set aside funds to create a public awareness campaign to make the availability of union apprenticeships more visible to Virginians who may want to apply by working with high-school career counselors.

I will expand the Major Research and Development Tax Credit to spur more investments in the development of new products and improvements in cutting edge technologies, while also working to expand research and development programs by strengthening partnerships between U.Va., Virginia Tech, Virginia State University, and Norfolk State University, and more. When the government invests in new ideas, it can result in profitable enterprises.

Source: 2021 Virginia governor campaign site JenniferCarrollFoy.com Feb 21, 2021

Jennifer Carroll Foy: Proposed state funding for job training

I introduced amendments to the state budget to expand two key workforce development programs--the Virginia Jobs Investment Program and the Virginia Talent Accelerator Program. These programs would have given Virginians the skills they need to be competitive in today's economy. I was proud to include funding for job training to help those affected by job losses due to COVID-19 in the state budget.
Source: 2021 Virginia governor campaign site JenniferCarrollFoy.com Feb 21, 2021

Terry McAuliffe: Targeted investments partnering with schools, businesses

He will make critical investments in building and training the workforce of the future and ensuring that people of all ages have the skills they need to be successful in the jobs of tomorrow. Terry will achieve this through targeted investments in workforce training and development, partnering with businesses and our educational institutions to re-skill and retrain Virginians, and reimagining our K12 education system so that every child is workforce ready upon graduation.
Source: 2021 Virginia governor campaign website Terry McAuliffe.com Dec 22, 2020

Terry McAuliffe: Provide small businesses access to capital

Create a revolving fund to provide low-interest loans to small businesses. Small businesses are essential to the vitality of the economy and thousands in Virginia have closed with no plans to reopen due to the pandemic. We must provide small businesses access to capital so they can more easily adapt, keep their employees and customers safe, and keep their doors open. This program will specifically target historically disadvantaged populations and communities that have lacked access to capital.
Source: 2021 Virginia governor campaign website Terry McAuliffe.com Dec 22, 2020

Pete Snyder: Formed private fund for forgivable loans during pandemic

Snyder, a businessman and political consultant, formed the Virginia 30 Day Fund with his wife to provide forgivable loans to businesses struggling amid the pandemic and its resulting economic fallout. Snyder's campaign website cites the nonprofit to bolster his credentials as a "true champion of small business."
Source: Axios.com on 2021 Virginia Governor race May 18, 2021

Mark Herring: Supports law barring creditors from seizing stimulus checks

A new state law bars debt collectors and creditors from getting their hands on Virginian's emergency payments; a protection Herring told 8News is aimed to alleviate strains of those facing financial hardship during the pandemic. "Back when Congress made the first round of $1,200 payments under the CARES Act, we found out that nothing explicitly protected those payments from being seized by debt collectors. And, in a crisis like this, people should come first," Herring told 8News.
Source: Charlottesville Tomorrow on 2021 Virginia Governor race Dec 30, 2020

Jennifer Carroll Foy: Increase unemployment benefits to mirror nearby states

Carroll Foy said she would seek to increase the state's unemployment benefits to mirror those of surrounding states. "It is unrealistic to believe that your average family can cover their expenses--food on the table, roof over the head, utility bills-- with the amount of money Virginia provides in unemployment benefits," Carroll Foy said. "Our neighboring states recognize that and pay more. We can use money from our general fund to shore up families."
Source: Richmond Times-Dispatch on 2021 Virginia gubernatorial race Feb 2, 2021

Jennifer McClellan: Extend time for people to pay mortgage & avoid foreclosure

[On pandemic economy rules]: "The more we can do to help people pay their mortgage and avoid being put out on the street, the better that is for everybody," McClellan said. "That's why you see a bill with no opposition." Under current state law, a mortgage company must give 14 days' notice before it plans to auction off someone's home. McClellan's measure would extend that period to 60 days while also requiring lenders to notify the borrowers about financial and legal resources available.
Source: Richmond Times-Dispatch on 2021 Virginia gubernatorial race Feb 2, 2021

Kirk Cox: Use surplus to send out tax rebates to help families

Cox said that the state should use $730 million in additional projected revenues to cut checks for Virginians to the tune of $190 for individuals and $380 for families. "This plan takes the $730 million that the reforecast came down with, and does a straight tax rebate. The feeling is that families have really struggled--no question about that--and this would help them with what they need to do. That could be an electric bill, clothes for kids, tutoring expenses," Cox said.
Source: Richmond Times-Dispatch on 2021 Virginia gubernatorial race Feb 16, 2021

Lee Carter: Put economic power into the hands of working people

Carter cast himself as an outsider--an electrician and part-time Lyft driver who struggled to get state unemployment payments during the pandemic, the only veteran among the group. "It's no secret that Virginia is divided," he said. "But that division is not between Democrats and Republicans. It's not between urban and rural voters. It's between the haves and have-nots." He pledged to put economic power into the hands of working people and to defy big corporations.
Source: Washington Post on 2021 Virginia Gubernatorial debate Apr 6, 2021

Jennifer McClellan: Food Access Investment grants will reduce food disparities

Governor Northam announced that the Virginia Food Access Investment Fund will provide grants between $5,000 to $50,000 to support food retail projects that increase food access in underserved communities. Said McClellan, "Not only does the Fund help position the Commonwealth as a leader in reducing food disparities, it also helps to build community assets, pride, and power by and with historically marginalized communities."
Source: WTKR Coastal Virginia CBS-3 on 2021 Virginia Governor race Feb 1, 2021

  • The above quotations are from 2021 Virginia Gubernatorial race: debates and news coverage.
  • Click here for definitions & background information on Budget & Economy.
  • Click here for other issues (main summary page).
  • Click here for more quotes by Terry McAuliffe on Budget & Economy.
Candidates and political leaders on Budget & Economy:

Retired Senate as of Jan. 2015:
GA:Chambliss(R)
IA:Harkin(D)
MI:Levin(D)
MT:Baucus(D)
NE:Johanns(R)
OK:Coburn(R)
SD:Johnson(D)
WV:Rockefeller(D)

Resigned from 113th House:
AL-1:Jo Bonner(R)
FL-19:Trey Radel(R)
LA-5:Rod Alexander(R)
MA-5:Ed Markey(D)
MO-9:Jo Ann Emerson(R)
NC-12:Melvin Watt(D)
SC-1:Tim Scott(R)
Retired House to run for Senate or Governor:
AR-4:Tom Cotton(R)
GA-1:Jack Kingston(R)
GA-10:Paul Broun(R)
GA-11:Phil Gingrey(R)
HI-1:Colleen Hanabusa(D)
IA-1:Bruce Braley(D)
LA-6:Bill Cassidy(R)
ME-2:Mike Michaud(D)
MI-14:Gary Peters(D)
MT-0:Steve Daines(R)
OK-5:James Lankford(R)
PA-13:Allyson Schwartz(D)
TX-36:Steve Stockman(R)
WV-2:Shelley Capito(R)
Retired House as of Jan. 2015:
AL-6:Spencer Bachus(R)
AR-2:Tim Griffin(R)
CA-11:George Miller(D)
CA-25:Howard McKeon(R)
CA-33:Henry Waxman(D)
CA-45:John Campbell(R)
IA-3:Tom Latham(R)
MN-6:Michele Bachmann(R)
NC-6:Howard Coble(R)
NC-7:Mike McIntyre(D)
NJ-3:Jon Runyan(R)
NY-4:Carolyn McCarthy(D)
NY-21:Bill Owens(D)
PA-6:Jim Gerlach(R)
UT-4:Jim Matheson(D)
VA-8:Jim Moran(D)
VA-10:Frank Wolf(R)
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