Tax Reform

Richmond area teacher Shannon Broughton struggles to make ends meet, but she doesn't favor lower taxes.

As lawmakers in Richmond wrestle with ways to cut Virginia’s budget, some critics say the state should be taking a whole different approach – raising more revenue by changing its tax laws.  The Commonwealth has not adjusted tax brackets for nearly a hundred years, and wealthy seniors get generous deductions.  Sandy Hausman reports on why some believe this could be the time for tax reform in Virginia.