In March of this year, Virginia gubernatorial candidate Ed Gillespie released his tax plan for the state. Since then, he’s been trying to convince voters that tax cuts targeting the rich will somehow help all Virginians. To do this, he’s dusting off the same playbook for trickle-down tax cuts that failed nationwide under President George W. Bush and more recently led to disaster in the state of Kansas. Many claims that Gillespie has made to sell his tax plan are false or dubious. Even the name of Gillespie’s tax plan, “Cutting Taxes For All Virginians” (emphasis in original), is erroneous because his plan leaves out many of the hardest-pressed Virginians who actually pay higher taxes under Virginia’s current system. Hardly any Virginia families living in poverty would get even a penny in tax cuts from the Gillespie tax plan.
The above excerpt was originally published in CAP Action.
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