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It takes a strong combination of Democratic leadership to be the best-managed state in the nation, to save and maintain Virginia's AAA bond rating, and to keep Virginia the best state for business, three years running.
Making obvious that he's got the experience to step right in where Governors Warner and Kaine left off, Brian Moran released his Economic Recovery Plan today, "talking up tax relief as a way to help small and minority businesses through the economic crisis", as the Richmond Times-Dispatch put it. "Creating local jobs by cutting taxes", adds the Washington Post.
Brian’s plan focuses on stimulating the economy through investments in small business and job creation, including a tax credit for job creation. Brian will focus on small businesses because he knows that they represent more than 97% of the Commonwealth’s employers and make up approximately half of the private workforce in Virginia. "We must stimulate job creation by giving a tax credit to those who create more jobs," said Moran. "That job creation will stimulate our economy and get us back on the right footing."
Specifically, he will create a small business job creation tax credit of $2,000 per new employee for small businesses that hire new employees and retain them for at least one year. He will eliminate the corporate income tax for small businesses making less than $200,000 per year. Brian Moran will create a Stimulus Watchdog to coordinate the federal dollars flowing into Virginia and ensure that they are invested wisely, not wasted.
Brian also calls for assembling an Economic Strike Force.
Mark Warner came to office in a difficult time and created an Economic Strike Force by executive order. Brian Moran worked with Governor Tim Kaine to pass this into law and make it permanent. As governor, Brian will reinvigorate Virginia’s Economic Strike Force to focus on recruiting businesses to Virginia’s hardest hit communities. Moran will visit the regions of the Commonwealth most devastated by high unemployment in both rural and urban areas of the Commonwealth during his first 100 days in office and will work with each area to create economic development plans to help them get back on their feet.
Read Moran's entire Economic Stimulus and Recovery Plan here.
"People are struggling today, and they need us to take real action to fix our economy," Moran said. "We're going to grow this economy from the bottom up, not the top down".
Crossposted at Raising Moran.