Category Archives: Taxes

Tax Reductions Under Youngkin Have Been Significant

Governor Glenn Youngkin (R) and the legislators of both parties who have given him at least some of the tax reforms he asked for need to stop being shy and take a real victory lap. He has been in office less … Continue reading

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Virginians Want Their Change Back

The latest preliminary figures from the Virginia Department of Revenue put the current general fund budget surplus at more than $5.1 billion for fiscal year 2023, which ended June 30. This is more than double the $1.94 billion surplus the commonwealth posted in 2022. … Continue reading

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Senators Claim “Voodoo Estimating” in Battle Over Tax Cuts

Not only are the leading Virginia Senate budget negotiators adamantly opposed to providing Virginians with additional tax relief in this election year, but they are now hinting at partial roll back of one of the major individual tax reforms approved … Continue reading

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A New Tax Reform Plan? Explain It and Sell It!

The following paragraph was written five months ago.  It is reproduced now with some emphasis added. The 2023 Virginia General Assembly tax debate is just another revival of an old political show. Last year it ended well for new Governor Glenn Youngkin … Continue reading

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House should hold the line on tax cuts

“You got to know when to hold ‘em, know when to fold ‘em,” country singer Kenny Rogers sang in his classic hit, The Gambler. In other words, playing a winning hand is just as important as cutting your losses. Members of … Continue reading

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