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With windfall from changes to federal tax law, Northam wants rebates for low-income workers

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“Virginia Gov. Ralph Northam (D) will ask the General Assembly to provide tax rebates to certain low-income residents next year using $250 million in additional state revenue expected from changes to federal tax law. Virginia anticipates collecting roughly $500 million in additional revenue each year until 2024, when the new federal tax cuts are scheduled to end as a result of a sunset provision.”

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