Category Archives: Taxes

A Regulatory Path to Repeal the RGGI Carbon Tax

Governor Glenn Youngkin (R) will proceed to remove Virginia from the Regional Greenhouse Gas Initiative carbon tax compact by the same route Virginia entered it:  He will push to repeal the underlying regulation. As with much else in his promised … Continue reading

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Virginia Should Boost Standard Deduction, Index for Inflation

One of big financial winners with the May 2021 and then January 2022 Virginia minimum wage increases is the state itself, because the entire raise is subject to a 5 percent state income tax.  With its low standard deduction and … Continue reading

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Northam Blinks. Tax Cuts Are Coming.

Virginia’s leaders are no longer debating whether to cut state taxes. The argument now will be over how to cut state taxes. Outgoing Democratic Governor Ralph Northam announced Tuesday that his final introduced budget will include $2.1 billion in lower … Continue reading

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Youngkin to Withdraw from RGGI, End Carbon Tax

Governor-elect Glenn Youngkin told a business group audience Wednesday afternoon that he intends to withdraw Virginia from the Regional Greenhouse Gas Initiative. His decision came two days after Dominion Energy Virginia filed a petition to increase the RGGI tax on its … Continue reading

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As Cost Kills TCI in Connecticut, Virginia Dems Dig In To Defend Virginia Green New Deal Laws

The Governor of Connecticut has abandoned his efforts to enroll that state in the Transportation and Climate Initiative, an interstate compact which would impose a cap, tax and ration scheme on gasoline and diesel fuel. Virginia remains a part of … Continue reading

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