Virginia General Assembly Budget Amendments Include Key Investments but Fail to Advance Fair Share Revenue Richmond– On Sunday, the money committees in the House and Senate released their respective budgets, which provide a sharp change of course from the budget outlined by former Governor Youngkin. While lawmakers rejected many of the former Governor’s proposed tax cuts and made several meaningful investments in housing, education, and support for working families, they failed to include any significant progressive revenue measures, most notably the fair share tax, a new tax bracket that would have asked the wealthiest Virginians to pay their fair share in taxes. By declining to advance these measures, lawmakers left significant revenue on the table that could have funded long-overdue investments in public education, affordable housing, healthcare access, and other critical pieces of social infrastructure. “It is deeply disappointing that legislative leaders once again chose not to move forward with meaningful revenue reform,” said Ashleigh Crocker, Interim Executive Director of Progress Virginia. “The Fair Share Tax would simply ask the wealthiest Virginians to contribute at a rate more in line with what working families already pay in taxes. Instead of continuing to protect their donor class, lawmakers should be proactively guaranteeing that we have sustainable funding that ensures Virginia can be a place where all of their constituents can thrive. We cannot build a strong, inclusive economy if we refuse to modernize our tax code in deference to Virginia’s ten billionaires.”
"Virginia General Assembly Budget Amendments Include Key Investments but Fail to Advance Fair Share Revenue" - @progressva.bsky.social bluevirginia.us/2026/02/vide...