Great Question!Jun 16, 2009
For some reason, former Governor Jim Gilmore's administration of Virginia's finances remains a preoccupation among Virginia's liberals. More than 10 years later, they can't stop whining about the car tax cut and continue to fabricate its supposed harm to Virginia's fiscal health. Recently, the Washington Post went out of its way to hammer at the former governor again for his tax cut in its endorsement of Jody Wagner for lieutenant governor in the recent Democrat primary. It called the largest tax cut in Virginia history "risky fiscal policy." (Funny how liberals think keeping more of your earned income is "risky" while they laud as responsible tax increases, which stifle economic activity.)
The former governor fired back in a letter to the Post that he added $1 billion to the Rainy Day Fund (which Governor Tim Kaine has all but depleted thanks in large part to the faulty revenue projections of Ms. Wagner when she was finance secretary); that since he's left office, under his two successors, state spending has increased from $51 billion to $77 billion; and that under Ms. Wagner and Governor Kaine we have seen a deficit of $3.7 billion, while he left his budget in balance. He quotes Business Week as listing Virginia now as one of "twenty states that can't pay for themselves."
Then Governor Gilmore caps some compelling statistics with a stinging question:
In contrast, my administration delivered a car tax cut, with bipartisan support, that has helped millions of Virginians. But this tax cut has been a burr under the saddle of liberals for 11 years.
It's time for liberals to put up or shut up. Why don't they just reimpose the car tax if they truly believe it was "risky fiscal policy"?
Great question. If the car tax cut has been such a disaster, we welcome liberal candidates for any office anywhere in the Commonwealth to make its reinstatement a top priority.