Kaine proposes to end car tax, raising income tax

BREAKING: Gov. Tim Kaine proposes ending the full $950 million in reimbursements paid to local governments for car tax relief, reopening a decade long political dispute and causing an immediate rift with incoming Gov. Bob McDonnell (R). Kaine calls the relief a "$950 million folly" and proposes allowing local governments a 1 percent income tax surcharge for local governments in exchange for totally eliminating the local car tax instead. More details to come.