Virginia Gets Higher Standard Deduction as Youngkin Signs Budget

Virginia Gov. Glenn Youngkin on Tuesday signed the state deal that would provide about $4 billion in a variety of tax cuts and benefits.

“This is four times any tax reduction ever voted in Virginia. This is big,” Youngkin said in a press conference. “It’s not everything we wanted, but we’ll be back in January to get the rest.”

State lawmakers approved the budget in early June after months of negotiations, but Youngkin returned it last week with 38 proposed amendments. Among other things, the Republican governor’s amendments sought a three-month gas tax suspension ...