Youngkin unveils budget amendments, proposes plan to help offset the cost of the ‘hated’ car tax
RICHMOND, Va. (WRIC) -- Governor Glenn Youngkin has announced his proposed budget amendments ahead of next year’s General Assembly session. Youngkin proposed new investments in K-12 education and potential changes to the state’s car tax. “The average car tax today for a family of four today for their one car if they have one car is about $290,” Youngkin told reporters on Wednesday. To help offset that, Youngkin announced what he’s calling the “Working Class Car Tax Credit.” Youngkin says it will provide a credit of up to $150 for individual tax filers who make less than $50,000 a year and a credit of up to $300 for joint filers making less than $100,000 a year. “I don’t think people have hated a tax more since the tea tax in Massachusetts,” Youngkin said. Meanwhile, Youngkin has also proposed investing an additional $1 billion in education priorities with nearly $300 million going toward school construction and $50 million going toward creating a scholarship program for low-income students. “Which allows families that otherwise would not be able to pursue a private school, a $5,000 scholarship to do exactly that,” said Youngkin. On the Democratic side, Delegate Luke Torian (D-Prince William), who chairs the House Appropriations Committee, told reporters after Youngkin’s presentation, that he’s still digesting Youngkin’s proposal. “After today, we will go back, we will visit with our staff. We will go over the governor's presentation. We will see what is applicable, what we can do, what we can’t do, and things that we need to visit with him on and have a follow-up meeting with him,” Torian said. Now, Youngkin’s proposal will be considered by the Democratic-controlled General Assembly when the 2025 Regular Session begins in January.
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RICHMOND, Va. (WRIC) -- Governor Glenn Youngkin has announced his proposed budget amendments ahead of next year’s General Assembly session. Youngkin proposed new investments in K-12 education and potential changes to the state’s car tax.
“The average car tax today for a family of four today for their one car if they have one car is about $290,” Youngkin told reporters on Wednesday.
To help offset that, Youngkin announced what he’s calling the “Working Class Car Tax Credit.” Youngkin says it will provide a credit of up to $150 for individual tax filers who make less than $50,000 a year and a credit of up to $300 for joint filers making less than $100,000 a year.
“I don’t think people have hated a tax more since the tea tax in Massachusetts,” Youngkin said.
Meanwhile, Youngkin has also proposed investing an additional $1 billion in education priorities with nearly $300 million going toward school construction and $50 million going toward creating a scholarship program for low-income students.
“Which allows families that otherwise would not be able to pursue a private school, a $5,000 scholarship to do exactly that,” said Youngkin.
On the Democratic side, Delegate Luke Torian (D-Prince William), who chairs the House Appropriations Committee, told reporters after Youngkin’s presentation, that he’s still digesting Youngkin’s proposal.
“After today, we will go back, we will visit with our staff. We will go over the governor's presentation. We will see what is applicable, what we can do, what we can’t do, and things that we need to visit with him on and have a follow-up meeting with him,” Torian said.
Now, Youngkin’s proposal will be considered by the Democratic-controlled General Assembly when the 2025 Regular Session begins in January.
