Category Archives: Economy

Time to index Virginia income taxes to inflation

Posted on November 14, 2022 by Barbara Hollingsworth

Inflation is eroding the value of each dollar earned by Virginians, making it harder for them to afford decent housing, put food on the table and educate their children. But what many Virginians don’t know is that they have also … Continue reading →

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Most of $3.2 Billion State Surplus Already Spent

Posted on August 22, 2022 by Stephen D. Haner

Does last week’s glowing report on Virginia’s state tax collections presage additional tax relief for struggling families? The first question is, was the news really glowing? Less than 18 months ago, in April 2021, the Virginia General Assembly and then … Continue reading →

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You Just Paid More RGGI Tax, Virginia!

Posted on June 10, 2022 by Stephen D. Haner

Last week Virginia collected another $76 million in carbon tax dollars through the ongoing Regional Greenhouse Gas Initiative allowance auction. That was the sixth such sale since Virginia joined RGGI, and the state’s total tax take is now $378 million … Continue reading →

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Most States Outperform Virginia Over Past Decade

Posted on April 18, 2022 by Stephen D. Haner

As measured by the American Legislative Exchange Council (ALEC), Virginia’s economic outlook has continued its precipitous drop and now barely ranks in the top half among the American states, 24th out of 50. A decade ago it was in the … Continue reading →

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If U.S. Copies Europe, “It Will End in Tears”

Posted on April 1, 2022 by Stephen D. Haner

“Don’t follow our path.  Don’t copy the Europeans.  It will end in tears,” Peiser said.  Continue reading →

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