2024 Preview? Va. Gov. Youngkin Touts Tax Cuts, Abortion Ban

  • Virginia Gov. Glenn Youngkin outlined priorities for the upcoming year in a State of the Commonwealth address Wednesday, overviewing proposals ranging from cutting taxes and reshaping the state’s behavioral health system, to weighing new restrictions on abortion.
  • The governor touted $1 billion in proposed tax cuts announced last month as part of his budget amendments, asking lawmakers for their support to eliminate the tax on military retirement income for veterans regardless of their age, and increase the standard deduction by an additional 20%. The proposed tax cuts follow action by state lawmakers last year to approve $4 billion in tax cuts included in the state budget.
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