Category: Taxes
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Transportation Carbon Tax Debate Starts Again
First published this morning by the Thomas Jefferson Institute for Public Policy. By Steve Haner Having imposed a carbon tax on Virginia electricity generation in 2020, the General Assembly starting in January 2021 will consider adding a similar tax on every gallon of gasoline and diesel sold for vehicle use. The Transportation and Climate Initiative,…
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More Evidence that Virginia is Becoming New Jersey….
by James A. Bacon Governor Ralph Northam is one of seven governors earning an “F” grade for fiscal policy by the Cato Institute in its 2020 “Fiscal Policy Report Card on America’s Governors” report. With that score, he enjoys the company of such gubernatorial luminaries as Governors Phil Murphy of New Jersey, Andrew Cuomo of…
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Mass Transit as the Newest Entitlement
by James A. Bacon Richmond Mayor Levar Stoney has proposed eliminating all transit fares, and in a sign of how far left the City of Richmond’s political center of gravity has moved, his two main competitors in the mayoral race, Kim Gray and Alexsis Rodgers, support the idea. The city suspended fares during the COVID-19…
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Coal Severance Tax Credits Obsolete, JLARC Says
by James A. Bacon Virginia’s coal tax credits are obsolete, cannot forestall the decline of coal mining in the state, and should be eliminated, finds the Joint Legislative Audit and Review Commission in a new report, “Infrastructure and Regional Incentives.” The state provides two tax credits to encourage coal production: The Coalfield Employment Enhancement Tax…
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End the Coalfield Boondoggle
By Peter Galuszka The General Assembly’s auditing watchdog has recommended the elimination of two coal tax credits that have been a bonanza to Virginia coal companies worth $315 million from 2010 to 2018 but have created only 10 jobs. The report by the Joint Legislative and Audit and Review Commission (JLARC) studied 16 different tax…
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Told You: You Will Cover Those Unpaid Power Bills.
By Steve Haner If the Virginia General Assembly orders Dominion Energy Virginia to fork over hundreds of millions of dollars in “excess profits” to cover unpaid family utility bills, who is really paying? We all are, of course. Don’t say you were not warned. That apparently is the latest approach to help folks behind on…
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The Trash Tax Returns; Energy Price Hikes Ignored
By Steve Haner Proving once again how rare are the new ideas, Governor Ralph Northam’s proposed Special Session budget amendments resurrect a possible state-collected solid waste tipping fee, which crashed and burned in 2002 after being successfully tagged a “trash tax.” The proposal calls for a study to be completed by November 1, laying the…
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Northam Asks Legislators: Resist Urge to Spend
By Steve Haner Perhaps the most important point about Governor Ralph Northam’s latest Virginia state budget proposal is what he did not recommend. He did not recommend dipping into the state’s current cash reserves to restore spending items which had been frozen. No additional taxes are proposed. In fact, Secretary of Finance Aubrey Layne told…
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Taxaginia Reappears As Special Session Looms
By Steve Haner It must be a reflex. Waken or startle a Democrat and they shout, “raise taxes!” Our friends at the Commonwealth Institute for Fiscal Analysis came out Monday with a new list of (mostly old) tax proposals for the August 18 General Assembly special session. It drew the attention of Virginia’s Public Radio…
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How Discount Power For Poor Will Raise Your Bill
By Steve Haner Virginia’s two major electric utilities estimate that as many as 150,000 of their poorest residential customers will see their monthly bills reduced next year using money extracted from all their other customers on their own power bills. Appalachian Power Company projects about 30,000 of its low income customers will receive subsidies of…
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Construction: Virginia’s Quiet, Strong Man
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in Agriculture & forestry, Blogs and Blog Administration, Business and Economy, Civil Rights, Individual Liberties, Consumer Protection, Culture wars, Demographics, Economic development, Energy, Entrepreneurs and Innovation, Environment, Federal issues, Government Finance, Government Transparency, Infrastructure, Labor and Workforce, Land use & Development, Poverty & income gap, Property rights, Public safety & health, Race and Race Relations, Science & Technology, Social Services and Entitlements, Taxes, Telecommunications, TransportationBy Peter Galuszka For all the complaints about the COVID-19 pandemic in Virginia – the shut-down restaurants and (temporarily) closed beaches – one industry has been working steadily and quietly all along – the state’s construction sector. Builders haven’t missed much of a beat since the “state at home” orders started going out a couple…
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“People Have Stopped Buying Automobiles”
By Dick Hall-Sizemore That is how Aubrey Layne, Secretary of Finance, summed up his explanation to the House Appropriations Committee of April’s 15% drop in transportation revenue All of the major components of the transportation revenue were down in April, but the biggest danger sign was in the motor vehicle sales and use tax. That…
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Hidden, Spaced Out, Higher Taxes Coming
By Steve Haner First published this morning by the Thomas Jefferson Institute for Public Policy. The 2020 General Assembly, with its new progressive Democratic majority, passed a host of changes in Virginia tax laws that will begin to hit individuals and businesses in a few weeks on July 1. Because of the COVID-19 economic shutdown,…
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WTJU Podcast: COVID-19 and the Economy
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in Agriculture & forestry, Bacon and Pigs, Blogs and Blog Administration, Business and Economy, Charity, Philanthropy, Nonprofits, Civil Rights, Individual Liberties, Consumer Protection, Corruption and Scandals, Culture wars, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Efficiency in Government, Elections, Electoral process, Energy, Entrepreneurs and Innovation, Environment, Federal issues, General Assembly, Governance, Government Finance, Government Transparency, Gun rights, Health Care, Housing, Immigration, Infrastructure, Insurance, Labor and Workforce, Media, Money in politics, Planning, Politics, Poverty & income gap, Property rights, Public safety & health, Race and Race Relations, Regulations, Gov’t Oversight, Science & Technology, Social Services and Entitlements, Taxes, Telecommunications, TransportationBy Peter Galuszka Here’s is the twice-monthly podcast produced by WTJU, the official radio station of the University of Virginia. With me on this podcast are Nathan Moore, the station general manager, and Sarah Vogelsong, who covers, labor, energy and environmental issues across the state for the Virginia Mercury, a fairly new and highly regarded…
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Why Northam Is Such An Important Governor
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in Abortion, Feminism, Women’s Rights, Agriculture & forestry, Business and Economy, Charity, Philanthropy, Nonprofits, Civil Rights, Individual Liberties, Consumer Protection, Defense, National Security, Energy, Environment, Federal issues, General Assembly, Governance, Government Finance, Government Transparency, Government workers and pensions, Gun rights, Health Care, Immigration, Infrastructure, Insurance, Labor and Workforce, Land use & Development, LGBQT, Media, Money in politics, Regulations, Gov’t Oversight, Science & Technology, Social Services and Entitlements, Taxes, TelecommunicationsBy Peter Galuszka This is a bit like throwing chum at a school of sharks, but here is my latest in Style Weekly. I wrote an assessment of Gov. Ralph Northam that is overall, quite positive. My take goes against much of the sentiment of other contributors on this blog. They are entitled to their…