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McAuliffe Unveils Business Plan

Anita Kumar

Terry McAuliffe, a Democratic candidate for governor, said today that he would use infrastructure development grants, tax credits and exemptions and other financial assistance to help bring more jobs to Virginia.

"There's no such thing as a Republican job or a Democratic job - we simply need to bring people together to create good jobs, and that's what I've been doing my whole life," McAuliffe said. "My Business Plan for Virginia is really a jobs plan - my number one priority as governor will be to create, attract, and keep good jobs with good wages and benefits for every Virginia family."

Speaking from Danville, McAuliffe announced that he would create a pilot project to award tax incentives to companies that create jobs that offer benefits, such as health insurance, and are in high-growth industries, such as energy, as well as allow some companies to defer their taxes.

He also pledged to form and serve as chairman of a new committee to advise him on economic issues and to expand small business incubators, which provide office space, supplies and other resources, to new companies.

By Anita Kumar  |  March 23, 2009; 3:37 PM ET
Categories:  2009 Governor's Race , Anita Kumar , Election 2009 , Terry McAuliffe  
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McAuliffe has really impressed me with his business plan. His first chapter on green energy was excellent. I think this one is even better.

Posted by: DemByBirth | March 23, 2009 9:02 PM | Report abuse

McAuliffe says he wants to bring jobs to Virginia. His Actions speak much louder. We received multiple phone calls from Ross Marketing this past weekend representing "Terry." Ross Marketing is in Hiawatha, IOWA!

So much for bringing jobs to Virginia!

Another POLITICIAN who will say anything to get a vote.

I guess I'll have to vote for a Republican.

Tired of the same old politics. CHANGE? That's what I have in my pocket after paying taxes.

Posted by: tiredofsameold | March 23, 2009 10:00 PM | Report abuse

To "tiredofsameold":

Re: "So much for bringing jobs to Virginia!", I suppose that Iowa is the only exception to your rule for reaching out to corporations to locate business in Virginia but why do you not like Iowa? Or is it just that you do not know what you're talking about regarding bringing in external investment?

If you vote for McDonnell, he'll give tax breaks without stipulations to the same corporations in Virginia that he always has in the past. The difference between McAuliffe and McDonnell, however, is that not stipulating these breaks does not create jobs. Corporations increase their profit margins but do not proactively create more job opportunities when given no-strings tax breaks.

The idea of using government to create jobs requires stipulations on tax incentives. Not doing so is a pathetic way to run government; McDonnell has already proven that he adheres to that methodology. I'm only guessing that the people who still vote Republican don't understand that cutting taxes for corporations and for citizens does not negate job growth but shows a distinct fiscal irresponsibility not dissimilar to our current national economic crisis. Why would you give corporations a no-strings benefit and expect it to automatically fall into line and help Virginia's population sustain its own economy through job creation and maximizing buying power? Our current economic crisis in the United States proves that the exact opposite is true, that corporations will take taxpayers' dollars [either in the form of bailouts or in the form of tax breaks] and will obfuscate how they channel it at the top and neglect the underside of the corporation. This is not true in all cases but it is true in most. That being said, I can't think of a good reason to vote for McDonnell. Even his hands-off approach toward environmental regulation [North Anna Power Station, etc.] would cost the Commonwealth tons of money due to federal standards and common-sense safety procedures.

I'd rather have a guy who can easily reach out to innovative businesses located outside of Virginia and have them come in than elect somebody that only has local connections and does not have any history of being a business practitioner -- especially in these dire times when we not only need to secure jobs for ourselves but also ensure that we have jobs to move to if we decide to switch industries, something that hits close to home for young adults like myself.

Posted by: robsmithiii | March 24, 2009 9:05 AM | Report abuse

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