Jim Gilmore presidential campaign, 2016/Budgets
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 Jim Gilmore |
Governor of Virginia (1998-2002) Attorney General of Virginia (1994-1997) |
 Republican candidate: |
2028 • 2024 • 2020 • 2016 |
This page was current as of the 2016 election.
- As governor of Virginia from 1998-2002, Jim Gilmore pursued cutting the Virginia car tax. The estimates for the cost of the tax cut were around $620 million a year, but the costs ultimately were about twice that much, causing legislation to pass in 2002 that stopped the tax refund at 70 percent.[2][3]
- At the end of Gilmore's term as governor of Virginia in 2002, there was a state budget deficit. In August 2015, Gilmore said that this was due to the term limit on governors in Virginia, and that if he had been able to serve a second term, there would have been enough time to negotiate and correct the shortfall. Although he has been criticized for his combined pursuit of tax cuts and education funding, and some blame the budget deficit on his policies in these areas, he said, in a July 2015 interview, that his intention was to boost the economy and "deliver value to working people - a real tax cut."[2][3]
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