For the last five years, Virginia’s economic growth has trailed the national average. Five years ago, Virginia was number one on CNBC’s list of best states for business, but last year, we were ranked in the bottom 10.
Virginia also ranks 33rd in the Tax Foundation’s State Business Tax Climate Index. It’s no coincidence. We have to turn things around.
Ed Gillespie understands this, and he knows what Virginia needs to start growing again. In March, he released the "Cutting Taxes for All Virginians" Plan, which includes a 10 percent across-the-board individual income tax rate cut.
His plan will spark natural, organic economic growth to diversify our economy, and it puts Virginia on a path toward meaningful local business tax reform. It will also create more than 50,000 new full-time, good-paying private-sector jobs in five years.
The best part? An independent econometric analysis found that once fully implemented, Ed’s plan would put nearly $1,300 back into the pocket of an average family of four. That’s real money.
Ed wants to raise take-home pay for hard-working Virginians squeezed by stagnant wages and higher costs, orient our economy toward start ups and scale ups, entrepreneurs, and small businesses, and make Virginia more competitive and attractive to businesses, retirees, and veterans.
He’s the right person to get our economy growing again, and that’s exactly why I’m supporting him. Join me in casting your ballot for Ed in the June 13 primary.
Nathan Pick
Arlington