Category Archives: Taxes

Look What They’re Saying About The Thomas Jefferson Institute Tax Plan!

Posted on January 17, 2019 by matt ohern

The Thomas Jefferson Institute has proposed a tax plan that would double the standard deduction, phase in a reduction of the corporate income tax, index Virginia’s individual tax brackets, personal exemptions and standard deduction to inflation, and create a mechanism … Continue reading →

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Party of the Rich?

Posted on January 16, 2019 by matt ohern

“Our tax code should work for everyone – not just for the highest earners.  That’s only fair.  But Washington is actually making these disparities worse” Governor Ralph Northam• “State of the Commonwealth” Address Actually, it’s the other way around. The … Continue reading →

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Tax Issues Stay On Front Burner

Posted on January 16, 2019 by matt ohern

Things move rapidly at the Virginia General Assembly, but one week into the 2019 session there is no hint of a decision on how Virginia will respond to federal Tax Cuts and Jobs Act of 2017, which happened 13 months … Continue reading →

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Virginia on the Cusp of a $600 Million Unlegislated Tax Increase

Posted on January 16, 2019 by matt ohern

The Virginia General Assembly, the New World’s oldest continuous lawmaking body, began its 400th year amid pageantry and an unintended tax increase on which, thus far, that body has had no say. The House’s ceremonial mace, a symbol of the … Continue reading →

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Virginia Voters Say: Give the Money Back!

Posted on January 15, 2019 by matt ohern

As a result of recent federal tax changes, Virginia taxpayers will pay an additional $1.2 billion in state income taxes this year and next, rising to $4.5 billion in additional taxes by 2024. In late December, the Thomas Jefferson Institute … Continue reading →

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