RICHMOND, Va. (AP) - Gov. Ralph Northam is proposing a plan to use extra state revenue from federal tax cuts to give a tax break to low- and moderate-income families.
Northam outlined his proposal to reporters Friday, ahead of a speech to state legislative committees next week.
Northam says recent changes in federal tax law have so far largely benefited corporations and high-income people. He wants to make the earned-income tax credit fully refundable, which he says could mean a windfall of "several hundred dollars" for about 400,000 families in Virginia.