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Author Archives: Stephen D. Haner
Time to Cut Taxes
If Virginia ended the fiscal year June 30 with a general fund cash surplus of $2 billion, almost 10 percent of its annual budget, that means taxes are too high. Period. The debate for the 2021 political season should be how to cut taxes, and how much. Continue reading
Posted in State Government, Taxes
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Northam Administration Still Avoiding Discussion of TCI
Why do Virginia’s leaders run away from the Transportation and Climate Initiative? Could it be because the first state legislature to consider it, in reliably Democratic Connecticut, just adjourned without even taking a vote on the proposed carbon tax compact, despite strong support from Democratic Governor Ned Lamont? Continue reading
Posted in Economy, Environment, State Government, Taxes, Transportation
Tagged ralph northam, transportation and climate initiative
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Northam Regs Out of Step With Reality
Despite the stunning and rapid success of the vaccines in arresting the spread of COVID-19, if you enter a Virginia workplace you go back in time to the pre-vaccine era of doubt and fear. Virginia acted in haste in adopting … Continue reading
Posted in Regulation, State Government
1 Comment
With Tax Revenue Exploding, Virginia Should Boost Standard Deduction, Index for Inflation
One of the big financial winners with the May 1 Virginia minimum wage increase is the state itself, because the entire raise is subject to a 5 percent state income tax. With its low standard deduction and personal exemption amounts, … Continue reading
Posted in Economy, Government Reform, State Government, Taxes
1 Comment
Northam Tax Harvest Expands Again
With the release yesterday of the April 2021 Virginia state revenue report, covering ten months of the fiscal year, a correction in an earlier report becomes necessary. Continue reading
Posted in State Government, Taxes
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