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Tom Perriello on Tax Reform

 

 


Raise income tax rate by 1% for income over $500,000

Democratic gubernatorial candidate Tom Perriello released a detailed tax reform plan that calls for higher taxes on the rich and corporations while strengthening tax credits that benefit the middle class and low-income workers.

Perriello proposed raising the state's personal income tax rate by 1 percentage point for those making more than $500,000 per year, and 1.5 percentage points for those earning more than $1 million, a hike the Perriello campaign said would leave rates unchanged for 99% of Virginia residents.

The former representative said he would seek to force corporations to pay more by enacting a minimum tax floor and requiring corporations that operate in multiple states to report their income in a combined form.

"It's time we finally put to rest the myth of trickle-down economics and reject the Bush/Trump/Gillespie approach of cutting taxes for the wealthy once and for all," Perriello said in his tax proposal.

Source: Roanoke Times on 2017 Virginia gubernatorial race , Apr 28, 2017

Eliminate capital gains taxes on key investments

The Small Business Jobs Act gives small businesses approximately $12 billion in tax cuts to spur investment, growth, new starts and hiring, including two tax cuts that were initially cosponsored by Rep. Perriello. These include:
Source: 2010 VA House campaign website Perriello.house.gov , Sep 23, 2010

Other governors on Tax Reform: Tom Perriello on other issues:
VA Gubernatorial:
Amanda Chase
Bob McDonnell
Frank Wagner
Glenn Youngkin
Jennifer Carroll Foy
Jennifer McClellan
Justin Fairfax
Ken Cuccinelli
Kirk Cox
Lee Carter
Mark Herring
Pete Snyder
Ralph Northam
Robert Sarvis
Terry McAuliffe
Tim Kaine
VA Senatorial:
Amanda Chase
Corey Stewart
Daniel Gade
Mark Warner
Scott Taylor
Tim Kaine
Gubernatorial Debates 2021:
CA Recall:
S.D.Mayor Kevin_Faulconer(R)
vs.Former Gov. nominee John Cox(R)
vs.Former U.S.Rep Doug Ose(R)
vs.Laura Smith(R)
vs.Former Olympian Caitlyn Jenner(R)
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vs.Gavin Newsom(D)
NJ: Incumbent Phil Murphy(D)
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vs.Candidate Hirsh Singh(R)
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VA: Incumbent Ralph Northam(D,term-limited)
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vs.CEO Pete Snyder(R)

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KY: Incumbent Andy Beshear(D)
vs.Former Gov. Matt Bevin(? R)

vs.Senator Rand Paul(? R)
vs.State Auditor Mike Harmon(R)
LA: Incumbent John Bel Edwards(D,term-limited)
vs.Biden Adviser Cedric Richmond(? D)
vs.Senator John Neely Kennedy(? R)
MS: Incumbent Tate Reeves(R)
vs.Bill Waller(R)

Gubernatorial Debates 2022:
AK: Incumbent Mike Dunleavy(R)
vs.Bill Walker(I)
vs.Les Gara(D)
vs.Billy Toien(L)
vs.State Rep. Chris Kurka(R)
AL: Incumbent Kay Ivey(R)
vs.Chris Countryman(D)
vs.Stacy Lee George(R)
vs.Ambassador Lynda Blanchard(R)
vs.State Sen. Malika Sanders-Fortier(D)
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AR: Incumbent Asa Hutchinson(R,term-limited)
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Mayor Marco Lopez(D)
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KS: Incumbent Laura Kelly(D)
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MI: Incumbent Gretchen Whitmer(D)
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MN: Incumbent Tim Walz(DFL)
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NE: Incumbent Pete Ricketts(R,term-limited)
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Page last updated: May 20, 2022