What’s to know about Youngkin, who is running against Terry McAuliffe?
Virginia Republican gubernatorial candidate Glenn Youngkin is a newcomer to the political stage, but he is proving to be a formidable candidate against Democratic rival Terry McAuliffe—despite the latter’s name recognition as a former resident of the governor’s mansion.
The close battle for who will lead The Old Dominion State is being watched by the nation. Before voters decide on Election Day on November 2, Granthshala Business takes a look at Youngkin’s career as an investment titan and his vision for Virginia’s future.
Youngkin is one Virginia Native who went to Rice University on a basketball scholarship. After graduating with an engineering degree, he worked in capital financing at the investment bank First Boston before going on to pursue an MBA from Harvard Business School.
Youngkin and his wife Susan have four children.
Shortly after leaving Harvard, Youngkin joined global investment firm The Carlyle Group, where he stayed for 25 years, rising through the ranks and becoming co-CEO. During that time, he reportedly amassed an estimated net worth of $300 million.
The Carlyle Group announced Youngkin’s retirement in July 2020. “As the world continues to face many challenges today, and as Carlyle is well positioned, it is now a natural point for me to focus my full-time efforts on community and public service efforts,” he said in a statement at the time. Which I believe can make a meaningful impact.”
Youngkin’s platform has five planks, the first of which is cost-cutting for virgins. They aim to accomplish this by abolishing the Commonwealth’s grocery tax and suspending the gas tax for a year. He also wants to provide one-time tax exemptions, increase property taxes and cut income tax, requiring voter approval.
The Republican has been a vocal supporter of law enforcement and advocates for officers to have qualified immunity. Youngkin wants to cut regulations by 25%, fix the DMV and the Virginia Employment Commission, reinstate voter ID laws, and invest in infrastructure.
Where the businessman has seen additional momentum in his campaign, however, has been his views on education.
As school boards across the country face mounting backlash from parents left and right over libraries featuring critical race theory and pornographic books, several districts in Virginia have received national bad press, namely Loudon and fairfax County Public Schools.
Get Granthshala Business on the go by clicking here
Youngkin has taken the parent’s side over the issues, while McAuliffe has made Headlines When he declared last month during a debate, “I don’t think parents should be telling schools what they should teach.”
McAuliffe had led the race in nearly every poll until last week, when both the most recent Trafalgar Group and Monmouth polls put both candidates in a dead heat.