For Immediate Release
Date: March 16, 2017
Contact: Ofirah Yheskel, firstname.lastname@example.org
Northam For Governor Responds To Ed Gillespie’s Trump Tax Plan
Richmond, Va. – Northam for Governor Communications Director, David Turner, issued the following statement in response to Ed Gillespie’s Trump Tax Plan:
“Virginia Democrats like Mark Warner, Tim Kaine and Terry McAuliffe have put Virginia on sound fiscal and economic footing by budgeting responsibly while investing in our economic future, in our public schools, in our higher education system and in protecting our environment. Dr. Northam has been proud to stand with them as they worked to move Virginia forward.
“As a small business owner who grew his medical practice from the ground up, Dr. Northam understands Virginia can always make the tax code more predictable to encourage small business growth. Last year, he called for a top to bottom review of government to identify areas to reform and this includes our tax code. He believes Virginia can make obtaining appropriate business and professional licenses easier, which will help drive innovation and entrepreneurship.
“Virginians have seen these types of irresponsible tax plans before from D.C. Republicans. It seems like Ed’s spent too much time with lobbyists on K Street and CEOs on Wall Street, because his Trump-esque tax plan was inspired by a Koch Brothers-funded group that promotes debunked climate change research and praised Ted Cruz’s ridiculous tax plan.
“In Virginia, both Republicans and Democrats have been fiscally responsible with Virginian families’ tax dollars. It’s why the commonwealth has seen continued economic growth and AAA bond ratings for fiscal management. The Virginia Way may not please corporate interests, but it has worked well for Virginia.”
Background on The Beacon Hill Institute, the group that helped inspire Gillespie’s Plan:
The Beacon Hill Institute Helped Build Gillespie’s Tax Plan. “Modeling conducted by the Thomas Jefferson Institute and economists that built its tax model at the Beacon Hill Institute shows that under the plan Virginia can keep its existing commitments to education, health care, transportation, public safety, and other core services.” [Gillespie for Governor]
The Beacon Hill Institute Is A Koch-Funded Group That Promotes Skepticism Of Climate Change. “The institute received $33,000 over the past three years from the Koch Foundation, which is said to fund research denying that climate change is occurring. The money went for an institute speaker series, general operating expenses for the group, and a study about renewable energy standards in Arizona, according to a report published by the university.” [Boston Globe, 12/2/15]
The Beacon Hill Institute Praised Ted Cruz’s Tax Plan. “‘Of the two proposals that we have examined so far, those by Trump and Cruz, we find the Cruz proposal to be the better of the two,’ said David Tuerck, executive director of the Beacon Hill Institute and senior fellow at the National Center for Policy Analysis. The free-market groups released a report comparing the economic effects of the tax plans from the two Republican presidential candidates. […]Cruz’s plan would increase real gross domestic product (GDP) in 2026 by about 8 percent, while Trump’s plan would only increase real GDP by 2.61 percent, the analysis found.” [The Hill, 2/22/16; Beacon Hill Institute, Feb. 2016]
Climate Progress: “Koch Brothers Fund Bogus Study Bashing Offshore Wind in New Jersey.” [ThinkProgress.org, 8/17/11]
Guardian: Beacon Hill Was Repudiated By Its Host University For Conducting Research “With The Express Purpose Of Undermining A Regional Climate Change Initiative.” “The host university of the free marketeer Beacon Hill Institute has repudiated its proposal to carry out research with the express purpose of undermining a regional climate change initiative. The institute, based in the economics department of Suffolk University, had sought $38,825 to carry out an economic analysis that would aid efforts to weaken or roll back a five-year effort by states in the north-east to reduce carbon pollution, known as the Regional Greenhouse Gas Initiative.” [Guardian, 12/5/13]