Category Archives: Taxes

Signs Virginia Will Keep Tax Reform Windfall

Posted on June 27, 2018 by matt ohern

As of right now all the signs indicate that the Virginia General Assembly and the Northam Administration are going to allow the federal tax reform to generate additional tax revenue for the Commonwealth. Some of what the Congress gave back … Continue reading →

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Richmond’s Proposed Cigarette Tax Increase Will Hurt Business

Posted on April 18, 2018 by matt ohern

On April 23, the Richmond City Council is scheduled to decide whether to approve a massive new cigarette tax. Throughout the debate, tax supporters have undersold both the extreme price jump the proposal represents and the likely and profound harm … Continue reading →

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$300 Million Tax Increase Is Baked into Medicaid Expansion

Posted on April 4, 2018 by matt ohern

Governor Ralph Northam and U.S. Senator Mark Warner hit the road yesterday with the media in tow, making the case that Medicaid expansion will free up $421 million over two years for other priorities such as K-12 schools. “When we … Continue reading →

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Increased Cigarette Taxes Rarely Produce Promised Revenue

Posted on January 10, 2018 by matt ohern

The Thomas Jefferson Institute for Public Policy recently released a new study showing the impact of cigarette tax increases on local government budgets. The study, The Impact of Cigarette Tax Increases on Local Government Budgets (here), uses budget data published … Continue reading →

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Tax Cuts Likely to Lead to Records for Recovery

Posted on January 10, 2018 by matt ohern

Sometimes it’s hard to believe that this expansion is already more than 8 years long–only 18 months short of the record 120-month expansion that occurred from March 1991 to March 2001. A few analysts are concerned about a recession occurring … Continue reading →

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