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Category Archives: Taxes
The Stealth Tax Increase that Remains in the Virginia Budget
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
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
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
Posted in Government Reform, State Government, Taxes
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The Sausage Factory Produces a Digital Sales Tax with Little Explanation or Debate
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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Virginia’s Tax Code: An Analog System in a Digital World
To many, testifying before a government committee conjures visions of the drama surrounding the McCarthy, Watergate, or Zuckerberg hearings. In Virginia, not so much. Faced with processing more than 2,600 bills in 60 days, legislative hearings are often more of a kabuki dance while backstage choreographers figure … Continue reading
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