Category Archives: State Government

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

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May Day Brings Virginia’s Labor Revolution

Four major changes in Virginia’s labor laws delayed at the beginning of the COVID-19 recession will all take effect May 1. All were approved by the 2020 General Assembly once Democrats controlled both legislative chambers and then delayed at the … Continue reading

Posted in Economy, State Government | 1 Comment

Subsidies for Electric Cars, Buses and Charging Will Accompany TCI’s Taxes and Rationing

The ultimate goal of the Transportation and Climate Initiative with its tax and rationing scheme is to eliminate fossil fuels for transportation and get us into electric vehicles.  That is something advocates have admitted and critics have pointed out.  While Virginia TCI participation is on … Continue reading

Posted in State Government, Taxes, Transportation | Leave a comment

Northam Compromise Still Taxes Most PPP Money That Saved Jobs

A week ago, Governor Ralph Northam’s Administration was adamant that it would be unfair, in fact a double tax benefit, to allow Virginia employers with forgiven Paycheck Protection Plan loans to also deduct any expenses used to qualify for forgiveness. This week, … Continue reading

Posted in Economic Development, Economy, State Government | Tagged , | 1 Comment