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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.