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Cuccinelli plan: Slash Va. taxes, close loopholes

Tuesday - 5/7/2013, 1:09pm  ET

BOB LEWIS
AP Political Writer

RICHMOND, Va. (AP) -- Republican Ken Cuccinelli is proposing to slash taxes by $1.4 billion, including cutting corporate tax rates by one-third if he's elected governor.

He said in his first policy news conference at a Richmond yogurt store on Tuesday that he'd offset the individual and business income tax cuts by eliminating a broad range of exemptions and other incentives.

Cuccinelli also said he wouldn't repeal the first transportation funding reform law in 27 years passed this year, even though he consistently opposed it and almost derailed it with a legal opinion in February.

The Republican attorney general's event comes amid a statewide "official launch" of Democratic rival Terry McAuliffe's campaign, done six months after he declared his candidacy.


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