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Category Archives: Taxes
Will General Assembly Decide on Carbon Car Tax?
Thanks to the persistence of Delegate Charles Poindexter, two members of Governor Ralph Northam’s cabinet are now on record stating the General Assembly will decide whether Virginia joins the carbon tax regime called the Transportation and Climate Initiative. In 2018 both … Continue reading
Posted in Energy, Environment, Taxes
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Never Too Late for Serious Tax Reform
The new chair of the House Finance Committee has introduced a major long-term tax reform proposal that will help most Virginia families, and the former chair of the same committee has offered a significant improvement to it. Both are good … Continue reading
Posted in Taxes
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“Conformity” Tax Reform Debate Should Return for 2020 Session
Virginia taxpayers will save almost $600 million over two years as a result of the increase in the state standard deduction, a step proposed last year by the Thomas Jefferson Institute for Public Policy. That is a fresh estimate released … Continue reading
Posted in State Government, Taxes
Comments Off on “Conformity” Tax Reform Debate Should Return for 2020 Session
Voters Should Say “No” to New Carbon Tax
Virginia should not join the Regional Greenhouse Gas Initiative. Virginia’s participation in the Regional Greenhouse Gas Initiative (RGGI) carbon tax is now fully authorized under a new state regulation, and the deadline to appeal that regulation has passed with no … Continue reading
Calling It What It Is: A $450 Million Windfall Tax Hike!
Virginia state government ended Fiscal Year 2019 awash in cash largely for one reason: A $466 million tax increase that fell on about 30 percent of individual taxpayers, caused by conforming to the new federal tax law without any corresponding … Continue reading