Category Archives: Taxes

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 | Leave a comment

“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 | Leave a comment

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

Posted in Energy, Taxes | Leave a comment

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

Posted in Taxes | 1 Comment

Virginia Tax on Racinos Among Lowest in Nation

If Virginia is going to sell its soul, we should at least get the market price. The Virginia Racing Commission is starting to publish monthly reports on the cash flow to Colonial Downs and to the government under the new … Continue reading

Posted in Economy, Taxes | Leave a comment