Gillespie releases his 'Cutting Taxes for ALL Virginians' plan

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RICHMOND (WSLS 10) - 2017 Republican candidate for governor Ed Gillespie released his "Cutting Taxes for ALL Virginians" Plan on Thursday.

He called it the first in series of major policy rollouts throughout the campaign.

Gillespie's plan calls for a 10 percent across-the-board cut in Virginia's individual income tax rates, the first income tax rate cut since rates were established in 1972.

Once enacted, he said the plan will put nearly $1,300 more back into the pocket of a family of four and create more than 50,000 new full-time private-sector jobs.

"Virginia families are feeling the squeeze, our approach to economic development is antiquated and tired, and Virginia is losing ground to other states. We've got to turn things around," said Gillespie. "The ‘Cutting Taxes for ALL Virginians' Plan is the centerpiece of a sweeping, substantive agenda we will lay out this year to turn our economy around by emphasizing natural, organic economic growth instead of a top-down government approach that picks winners and losers with our taxpayer dollars."

Click here to view the full plan.