Tag Archives: taxes
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
Youngkin and House Prevail on Tax Issues, But Senate Imposes Delays, Conditions
Do not be surprised if, by the time the next Virginia General Assembly elections roll around, the Democrats who are now complaining about the level of tax relief in the pending budget compromise switch positions, and campaign as champions of the deal. … Continue reading
The Largest Tax Relief Ever Given…
New Governor Glenn Youngkin has now submitted his tax cut proposals to the 2022 General Assembly in the form of bills and budget amendments, and if all his campaign pledges are adopted it will be the most significant tax cut … Continue reading
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
Northam Tax Hikes Squeeze Virginia Businesses and Individuals
With Virginia’s fiscal year now three-quarters complete, and basically one year since the depths of the COVID-19 recession, state tax revenues are soaring. Despite reports that the boom results from the economic rebound, it remains clear that changes in tax … Continue reading