From Virginia House of Delegates Speaker Kirk Cox (R-Colonial Heights)….
Over the next seven weeks, we’re going to highlight 51 unique accomplishments of the Republican-led House of Delegates.
The 2019 General Assembly Session produced a stark contrast for Virginia. The controversies of the Democratic statewide office holders have led to chaos and embarrassment for our state. On the other hand, the Republican-led General Assembly has delivered leadership and results on the issues that matter most.
The most important issue this session was tax relief.
The Republican General Assembly passed, and the governor has now signed, a $1 billion tax relief package, the most significant tax relief plan in at least 15 years and the second largest tax cut in Virginia history.
The tax relief plan prevents a nearly $1 billion tax increase proposed by the governor, and gives that money back to taxpayers.
The plan will provide $420 million in tax refunds to Virginia taxpayers later this year. This means individuals will receive up to $110 and couples will receive up to $220!
The standard deduction will increase by 50 percent, providing another $173 in tax relief to a married couple, bringing the two-year tax relief total to $393 for a Virginia family. This is meaningful tax relief.