Category Archives: Taxes

Business Needs Certainty. So Do Voters

Posted on April 17, 2025 by Christian Braunlich

Asked nearly 40 years ago what he needed most, less regulation or lower taxes, a small manufacturer of machine tools replied: “We need both,” he said, “but the thing we need most is certainty.” “Businesses have to plan out months … Continue reading →

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The Stealth Tax Increase that Remains in the Virginia Budget

Posted on May 15, 2024 by Derrick A. Max

While there has been much celebration at the passage of a new $188 billion biennial budget for Virginia, this deal would not have been possible had there not been close to $1.06 billion in higher-than-expected tax revenue ($1.2 billion by the end of the … Continue reading →

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Youngkin Prevents Two Tax Increases, Will Still Sign Record State Budget

Posted on May 15, 2024 by Stephen D. Haner

After much political theater, the Virginia General Assembly and Governor Glenn Youngkin (R) have now compromised on a $188 billion state budget based simply on the revenue projected from current tax law, with neither tax hikes nor tax reductions.  Making those revenue projections … Continue reading →

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Youngkin Budget 2.0 Meets Democrat Demands, Except Demand to Raise Taxes

Posted on April 15, 2024 by Stephen D. Haner

The fight that is about to occur at the Assembly’s reconvened session on Wednesday is entirely about taxes, not about spending. An analysis of Governor Glenn Youngkin’s proposed compromise budget – done by the Democrats’ favorite financial bean counters, not … Continue reading →

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The Sausage Factory Produces a Digital Sales Tax with Little Explanation or Debate

Posted on March 11, 2024 by Stephen D. Haner

The Virginia General Assembly has now jumped into the brave new world of taxing the digital economy, but the sales tax provisions it adopted in the budget conference report Saturday are not the same ones that appeared in earlier budget versions. The … Continue reading →

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