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Virginia governor proposes new taxes on services and wealth amid surplus, sparking debate.
Virginia Governor Abigail Spanberger has proposed new taxes on personal services like dog walking, food delivery, and dry cleaning, along with a personal property tax on electric landscaping equipment and a potential top income tax rate of 13.8% for incomes over $1 million.
The plan comes despite a $572 million budget surplus left by outgoing Republican Governor Glenn Youngkin, who presided over four consecutive years of surpluses through tax cuts and business-friendly policies.
Critics argue the tax increases lack economic justification and could drive residents and businesses out of the state, while supporters say they aim to fund essential programs amid ongoing fiscal challenges.
El gobernador de Virginia propone nuevos impuestos sobre los servicios y la riqueza en medio de un superávit, provocando un debate.