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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.

By Anita Kumar  |  December 18, 2009; 10:01 AM ET
Categories:  Timothy M. Kaine  
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Next: Not a lot of cheers for Kaine's budget proposal

Comments

Tim Kaine is such a disappointment.

Posted by: blasmaic | December 18, 2009 11:02 AM | Report abuse

So is Gilmore's abolition of the car tax...

Posted by: BJRWC4 | December 18, 2009 12:24 PM | Report abuse

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