RSSKaine defends urging tax hike in final budget
From: The Washington Times | December 24, 2009
RICHMOND | Virginia Gov. Tim Kaine said Wednesday that a 1 percentage point increase in the state's income tax that he has proposed in his final weeks in office is the most responsible way to make up a nearly $2 billion shortfall in the state's finances. "I think the only other alternatives are draconian cuts that would squander Virginia's leadership position or kind of gimmicky 'Let's take a bunch of money out of the retirement fund' or 'Let's pull out the credit card and borrow a bunch of money.' But I think that would threaten our AAA bond rating," Mr. ...
Kaine defends urging tax hike in final budget
From: The Washington Times | December 24, 2009
RICHMOND | Virginia Gov. Tim Kaine said Wednesday that a 1 percentage point increase in the state's income tax that he has proposed in his final weeks in office is the most responsible way to make up a nearly $2 billion shortfall in the state's finances. "I think the only other alternatives are draconian cuts that would squander Virginia's leadership position or kind of gimmicky 'Let's take a bunch of money out of the retirement fund' or 'Let's pull out the credit card and borrow a bunch of money.' But I think that would threaten our AAA bond rating," Mr. ...
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