Category Archives: Taxes

Youngkin to Withdraw from RGGI, End Carbon Tax

Governor-elect Glenn Youngkin told a business group audience Wednesday afternoon that he intends to withdraw Virginia from the Regional Greenhouse Gas Initiative. His decision came two days after Dominion Energy Virginia filed a petition to increase the RGGI tax on its … Continue reading

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As Cost Kills TCI in Connecticut, Virginia Dems Dig In To Defend Virginia Green New Deal Laws

The Governor of Connecticut has abandoned his efforts to enroll that state in the Transportation and Climate Initiative, an interstate compact which would impose a cap, tax and ration scheme on gasoline and diesel fuel. Virginia remains a part of … Continue reading

Posted in Economy, Local Government, State Government, Taxes, Transportation | 1 Comment

The State Tax Gravy Train Accelerates

Any claim that Virginia cannot reduce taxes on its citizens without damaging state programs has been further eroded by two recent announcements. The explosion of revenue from recent state tax increases is continuing, pointing to a potential repeat of last year’s … Continue reading

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Yes Terry, Tax Hikes Grew the State Surplus

At the September 28 debate Democratic gubernatorial nominee Terry McAuliffe dismissed the 2021 $2.6 billion general fund revenue surplus as entirely due to extra federal COVID relief funds, which is absurd on its face. By definition, every dollar is General … Continue reading

Posted in Economy, Government Reform, State Government, Taxes | 2 Comments

A Promise to Reverse Northam’s Tax Hikes

Republican nominee for governor Glenn Youngkin is proposing to reduce Virginia taxes in much the same way Governor Ralph Northam has raised them:  Several individual proposals, some not all that large, which accumulate into a significant change. As Northam ends … Continue reading

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