Sen. Martin's plan to cut schools to pay for more corporate tax breaks
September 10, 2012
The Washington Examiner reports, "Sen. Steve Martin, R-Chesterfield, has introduced legislation that would eliminate the state's 6 percent corporate income tax starting in 2014, which would make Virginia the sixth state without one... Corporate income taxes make up about 5 percent of state revenues, the third largest chunk after the individual income and sales taxes, and totaled about $860 million last year... 'Unless he has another source of revenue, it's fiscally irresponsible at a time when we need an increase in revenues,' said Sen. Don McEachin, D-Henrico."
Progressive Point: Our leaders should work for our families, not for big corporate donors and the wealthiest few. Senator Martin, a candidate for the GOP nomination for Lt. Governor, has proposed cutting hundreds of millions of dollars from schools, health care, and public safety to pay for even more corporate tax breaks. This is the kind of out-of-touch legislation that rigs our economy for the 1% while middle class families struggle to get by.
Senator Martin's proposal would gut the education, healthcare, and public safety programs that make our communities great. When Virginia families are struggling, cutting schools, roads, and public safety for more 1% tax breaks is a reckless policy that won't grow our economy. Virginia works best when we value working families and everyone pays their fair share. Corporations have to play by the same rules we do so our families and small businesses can get a fair shot.
Get the Facts: