Virginia Gov. Glenn Youngkin (R) has announced a proposal to do away with taxes on tips in the service industry, saying it will return an estimated $70 million annually “to the pockets of hardworking Virginians.”
Youngkin made the announcement during a Monday visit to McLean’s Restaurant in Richmond:
“No taxes on tips,” he said in front of the press, receiving applause from restaurant staff and patrons.
If the budget proposal, which the governor is set to present in full on Wednesday, is successful, Virginia would become the first state in the nation to eliminate state income taxes on tips.