The Lies About Governor Warner & Taxes
Recently, someone in Iowa attacked Gov. Warner for doing the right thing for Virginia through tax reform.
With an absolutely squeaky clean record, the opposition is so fearful of a Warner candidacy, they are on the attack in cyberspace. So far the only thing they have been able to come up with is "He broke his promise not to raise taxes."
Here are the facts concerning Gov. Warner and taxes:
Gov. Warner lowered taxes for 65% of Virginians. The Virginia Republican Senate plan called for higher taxes than Gov. Warner proposed and successfully ushered through the 2/3 majority Republican Legislature.
It has been stated that Gov. Warner created a "phony fiscal crisis." There was no phony budget crisis. He inherited what was supposed to be an $800 million dollar deficit when he took office in 2001. Weeks later, he found out it was actually more like $3 billion and then $6 billion. Wall Street was threating to yank Virginia's AAA bond rating. Gov. Warner restored confidence in fiscal management of Virginia's tax dollars and salvaged the AAA bond rating.
As a result of Gov. Warner's strong management, Governing Magazine named him a "Top Public Official of the Year" in 2004." In November 2005, Time Magazine named him among the "Top 5 Governors in America."
Warner's Tax Plan is located online at: http://www.draftmarkwarner.com/WarnerTaxPlan.doc
Here's some basics:
Personal and Dependent Exemption was $800
Governor Warner's Plan-Personal and Dependent Exemption $1,000
Standard Deduction: Single-Was $3,000
Governor Warner's Plan-$4,000
Married Filing Jointly-Was $5,000
Governor Warner's Plan-$8,000
Married Filing Separately-Was $2,500
Governor Warner's Plan-$4,000
Rates and Brackets:
For taxable income:
Was $0-$3,000 2%
Warner's Plan: $0-$3,000 2%
$3,001-$5,000 3% (old plan)
Warner's Plan:$3,001-$7,000 3%
$5,001-$17,000 5% (old plan)
Warner's Plan: $7,001-$20,000 5%
$17,001-over 5.75% (old plan)
Warner's Plan: $20,001-$100,000 5.75%
$100,001-Over 6.25
% Sales Tax was: Was a combined state and local rate of 4.5%
Warners Plan: 1% increase in sales tax, excluding food, to a combined state and local rate of 5.5% effective July 1, 2004.
Sales Tax on Food: Was a combined state and local rate of 4.0%
Warner's Plan: 1% reduction in food tax rate, effective July 1, 2004; an additional 0.5% reduction in food tax rate, effective July 1, 2005. (Down 1.5 %)
State Cigarette Tax: Was taxed at a rate of Rate of 2.5 cents per pack (lowest cigarette tax in the country because some of the cigarette manufactuers are based in Virginia).
Warner's Cigarette Tax Plan: Increase rate by 22.5 cents to a total of 25 cents per pack, effective July 1, 2004. (use the cigarette tax increase to pay for health care)
Car Tax Plan from Previous GOP Governor/Mis-Manager Jim Gilmore: Reimbursements are currently frozen at 70% of liability. The original plan from Gilmore was to phase out the car tax althogether.
Warner's Car Tax Plan: Increase reimbursements to 77.5% for CY 2005, 85% for CY 2006, 92.5% for CY 2007, and 100% for CY2008, subject to the same conditions as are in the Code of Virginia now for revenue growth. Mark Warner's plan actually phases it out 100%.
Those are the basics and middle-class and lower income Virginians are benefiting from Gov. Warner's plan. Indeed a sizable majority of Virginians (Democrats & Republicans) agreed with and supported this common sense tax reform. You can see the actual plan online at http://www.draftmarkwarner.com/WarnerTaxPlan.doc
Gov. Warner's plan is a mixture of small increases in certain taxable cagatories in exchange for offsets in others. Overall, the plan works and was a thoughtful plan that turned the $6 billion deficit into a $544 million surplus. It also allowed for the single largest increase in K-12 education funding in Virginia history and the 2nd highest college & university funding in America.
Virginia voters appreciated Gov. Warner's management of the Commonwealth so much they elected his Lt. Governor Tim Kaine to succeed him on the promise he would continue Gov. Warner's legacy. Democrats have gained nine seats in the General Assembly since Gov. Warner took office, the first such gains in thirty years!
And....before anyone falls for any more of these lies, please take a look at:
http://www.draftmarkwarner.com/TaxReformPresentation.pdf
With an absolutely squeaky clean record, the opposition is so fearful of a Warner candidacy, they are on the attack in cyberspace. So far the only thing they have been able to come up with is "He broke his promise not to raise taxes."
Here are the facts concerning Gov. Warner and taxes:
Gov. Warner lowered taxes for 65% of Virginians. The Virginia Republican Senate plan called for higher taxes than Gov. Warner proposed and successfully ushered through the 2/3 majority Republican Legislature.
It has been stated that Gov. Warner created a "phony fiscal crisis." There was no phony budget crisis. He inherited what was supposed to be an $800 million dollar deficit when he took office in 2001. Weeks later, he found out it was actually more like $3 billion and then $6 billion. Wall Street was threating to yank Virginia's AAA bond rating. Gov. Warner restored confidence in fiscal management of Virginia's tax dollars and salvaged the AAA bond rating.
As a result of Gov. Warner's strong management, Governing Magazine named him a "Top Public Official of the Year" in 2004." In November 2005, Time Magazine named him among the "Top 5 Governors in America."
Warner's Tax Plan is located online at: http://www.draftmarkwarner.com/WarnerTaxPlan.doc
Here's some basics:
Personal and Dependent Exemption was $800
Governor Warner's Plan-Personal and Dependent Exemption $1,000
Standard Deduction: Single-Was $3,000
Governor Warner's Plan-$4,000
Married Filing Jointly-Was $5,000
Governor Warner's Plan-$8,000
Married Filing Separately-Was $2,500
Governor Warner's Plan-$4,000
Rates and Brackets:
For taxable income:
Was $0-$3,000 2%
Warner's Plan: $0-$3,000 2%
$3,001-$5,000 3% (old plan)
Warner's Plan:$3,001-$7,000 3%
$5,001-$17,000 5% (old plan)
Warner's Plan: $7,001-$20,000 5%
$17,001-over 5.75% (old plan)
Warner's Plan: $20,001-$100,000 5.75%
$100,001-Over 6.25
% Sales Tax was: Was a combined state and local rate of 4.5%
Warners Plan: 1% increase in sales tax, excluding food, to a combined state and local rate of 5.5% effective July 1, 2004.
Sales Tax on Food: Was a combined state and local rate of 4.0%
Warner's Plan: 1% reduction in food tax rate, effective July 1, 2004; an additional 0.5% reduction in food tax rate, effective July 1, 2005. (Down 1.5 %)
State Cigarette Tax: Was taxed at a rate of Rate of 2.5 cents per pack (lowest cigarette tax in the country because some of the cigarette manufactuers are based in Virginia).
Warner's Cigarette Tax Plan: Increase rate by 22.5 cents to a total of 25 cents per pack, effective July 1, 2004. (use the cigarette tax increase to pay for health care)
Car Tax Plan from Previous GOP Governor/Mis-Manager Jim Gilmore: Reimbursements are currently frozen at 70% of liability. The original plan from Gilmore was to phase out the car tax althogether.
Warner's Car Tax Plan: Increase reimbursements to 77.5% for CY 2005, 85% for CY 2006, 92.5% for CY 2007, and 100% for CY2008, subject to the same conditions as are in the Code of Virginia now for revenue growth. Mark Warner's plan actually phases it out 100%.
Those are the basics and middle-class and lower income Virginians are benefiting from Gov. Warner's plan. Indeed a sizable majority of Virginians (Democrats & Republicans) agreed with and supported this common sense tax reform. You can see the actual plan online at http://www.draftmarkwarner.com/WarnerTaxPlan.doc
Gov. Warner's plan is a mixture of small increases in certain taxable cagatories in exchange for offsets in others. Overall, the plan works and was a thoughtful plan that turned the $6 billion deficit into a $544 million surplus. It also allowed for the single largest increase in K-12 education funding in Virginia history and the 2nd highest college & university funding in America.
Virginia voters appreciated Gov. Warner's management of the Commonwealth so much they elected his Lt. Governor Tim Kaine to succeed him on the promise he would continue Gov. Warner's legacy. Democrats have gained nine seats in the General Assembly since Gov. Warner took office, the first such gains in thirty years!
And....before anyone falls for any more of these lies, please take a look at:
http://www.draftmarkwarner.com/TaxReformPresentation.pdf
<< Home