As a result of recent federal tax changes, Virginia taxpayers will pay an additional $1.2 billion in state income taxes this year and next, rising to $4.5 billion in additional taxes by 2024. Now, a new poll conducted for the Thomas Jefferson Institute for Public Policy by Mason-Dixon Strategies shows overwhelming support for giving that new tax money back to taxpayers by doubling the standard deduction, over Governor Northam’s proposal to spend the funds on existing state programs. Support for doubling the standard deduction, which would benefit 2.8 million Virginia taxpayers, was first proposed by the Jefferson Institute and has wide spread support across every Virginia demographic and in every region of the state.
