Candidate Cuccinelli Unveils Economic Plan for Va.

By: Chris Stover Email
By: Chris Stover Email

May 7, 2013

Attorney General Ken Cuccinelli made his first policy address Tuesday in Richmond since announcing his candidacy for governor.

Cuccinelli made the announcement during a press conference at SweetFrog Frozen Yogurt in Richmond.

"We worked hard on the plan. We talked to Virginia job creators, we talked to policy leaders and middle-class families about what they need and what would work best for Virginia," he said.

The Republican candidate says his plan is designed to make Virginia more attractive to job creators and allow middle class workers and families to take home more of their paychecks, while reducing the size and scope of state government.

"To compete with 49 other states, we not only need the best schools and best health care delivery systems that we can, we also need the most attractive economic climate, which is the foundation to build all those other things on top of," he said.

The plan includes reducing personal income tax to 5 percent, and corporate income tax to 4 percent. Also included, identifying and eliminating certain exemptions that Cuccinelli believes are outdated.

"If I am elected governor, this plan will be the cornerstone of my term. I will work closely with the business community and Virginia General Assembly to make this policy a reality because I know this is what the Commonwealth needs to attract and grow businesses, and to stay competitive with neighboring states," Cuccinelli said.

Cuccinelli also said he wouldn't repeal the first transportation funding reform law in 27 years passed this year, even though he consistently opposed it and almost derailed it with a legal opinion in February.

Democrat Terry McAuliffe’s campaign released a statement in response to Cuccinelli’s announcement, saying the Attorney General is putting “ideology ahead of sound fiscal management.”

“Cuccinelli's proposal would lead to a budget crisis that could undermine education, force localities to dramatically raise property taxes, and threaten the Commonwealth's bond rating,” said McAuliffe Policy Director Evan Feinman.

Ken Cuccinelli’s full proposal can be read Here

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