Category Archives: Taxes

Deadlocked Again on Taxes vs. Spending

We have seen this before in Virginia and here we go again: the classic conflict between tax cuts for the many versus more government spending for a few. The Republican-dominated House of Delegates has passed a series of broad tax … Continue reading

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Five Reasons For Supporting Youngkin Tax Plan

Last week, the Republican majority in the Virginia House of Delegates passed a $1 billion package of tax cuts for individuals and businesses, the centerpiece of Governor Glenn Youngkin’s economic agenda. But Democrats, who have a two-seat majority in the … Continue reading

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Here’s the Tax Cuts Youngkin Proposes: Will the General Assembly Say Yes?

The set of Virginia tax changes Governor Glenn Youngkin (R) has baked into his proposed 2023 budget amendments is far more extensive and involves substantially more tax relief than the descriptions he offered in his December 15 presentation. “Baked into” … Continue reading

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Youngkin delivers early Christmas gift

Virginians received an early Christmas present this year. For four years, the Thomas Jefferson Institute for Public Policy has been strongly urging state officials in Virginia to lighten what has become a steadily increasing tax burden on residents and businesses in the commonwealth … Continue reading

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Time to index Virginia income taxes to inflation

Inflation is eroding the value of each dollar earned by Virginians, making it harder for them to afford decent housing, put food on the table and educate their children. But what many Virginians don’t know is that they have also … Continue reading

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