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Tim Kaine Would Be a Disaster for the American Economy

Sharon Day - October 4, 2016

This election cycle, you will get only one opportunity to hear the two vice presidential candidates in a debate. 

Tonight is your night to watch and see the glaring difference between these two governors. 

Since assuming office Governor Mike Pence has been committed to reducing Indiana's income tax and remove other taxes that would foster economic growth in his home state.  His record in enacting economic policies is very strong and will couple well with Donald Trump’s strong business background.  The two together will be a powerhouse for the American economy. 

On the flip side, Governor Tim Kaine broke his campaign promise to Virginians and raised taxes in his first week as Virginia's governor. If he willing to make quick decisions that harm the Virginia economy, he would be a very dangerous vice president for an economy that is already needing strong support from its leaders. 

Indiana's economy has boomed under Governor Pence's leadership, in fact, his actions reduced Indiana’s Tax Rate by 5 percent to 3.23 percent over a two-year period. In contrast, Governor Kaines’ Virginia's economy suffered a series of setbacks and shortfalls.  He even proposed an income tax increase which would have amounted to $2 billion a year.  If it had been enacted, it would have been the first Virginia tax increase since 1972. 

The Hoosier state under Governor Pence has seen increases in private sector, non-farm, construction, and manufacturing employment as compared to the significant declines that occurred during Governor Kaine's term in Virginia.  In fact, the Indy Star’s Tim Swaren, who has been largely critical of Pence, said "I've been tough on Pence when he deserved it. But on managing economic policy, crafting a strategy for job creation and setting a vision for the future, the Governor has earned strong marks."

In stark contrast, the Washington Post headlines during his tenure often read similarly.  One such headline was "Kaine Enters U.S. Spotlight, Leaves Incomplete Tasks in Va."

It’s especially notable to mention that Governor Pence's ability to keep a balanced budget and keep Indiana's per capita debt load low is a stark contrast to Governor Kaine's record of being the first governor in Virginia's history to leave office with less revenue than the one he inherited with a multi-million dollar shortfall.

That’s no way to serve America’s economy, and I will be especially interested in hearing how Governor Kaine answers to this terrible record on the economy during tonight’s debate.  


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