“Tax Reductions Under Youngkin Have Been Significant” – TJI article

Tax Reductions Under Youngkin Have Been Significant

According to an article written by Thomas Jefferson Institute for Public Policy, appearing at the link above, Virginians have seen “significant” tax breaks under Governor Youngkin.

“Governor Glenn Youngkin (R) and the legislators of both parties who have given him at least some of the tax reforms he asked for need to stop being shy and take a real victory lap. He has been in office less than two years and has diverted $5 billion from tax coffers back to Virginia’s citizens so far, with more to come in 2024 and beyond.  

Most of that was approved by the 2022 General Assembly and is now in effect for a second full tax year, but the 2023 General Assembly just sweetened the pot. The long-delayed budget compromise approved September 6th added more than $1 billion in single-shot refunds and long-term tax cuts.”

Read about the “five significant changes that reached virtually every Virginia household.” at https://www.thomasjeffersoninst.org/tax-reductions-under-youngkin-have-been-significant/