- April 5, 2023
- Commonwealth Institute for Fiscal Analysis
- Rodrigo Soto and Megan Davis
Teachers and frontline workers helped Virginia navigate the COVID-19 pandemic and are bearing more than their share of harm from rising costs on their everyday expenses. Across Virginia, workers and families say that their top priority for lawmakers this legislative session is to help them make ends meet. Instead of using tax policy to provide targeted, economic relief, Governor Youngkin’s proposed budget amendments double down on Virginia’s upside-down tax code through wasteful giveaways to profitable corporations by way of a lower tax rate than the top rate 86% of taxpayers pay. The final budget agreement must prioritize families over corporations and plan carefully for the future.