Hyra’s Ideas on Taxes Deserve a Wide Hearing

Cliff Hyra in campaign mode. Photo credit: Richmond Magazine

I’m glad to see that the Richmond Times-Dispatch actually gave some ink to the official campaign launch of Libertarian Party nominee Cliff Hyra. As far as I can tell from my perusal of the Virginia Public Access Project’s daily VaNews digest, the T-D was the only major newspaper to do so.

(However, Richmond Magazine did publish an interview with Hyra here, and Bearing Drift covered his campaign announcement here.)

Hyra’s predecessor, Robert Sarvis, won 6.5% of the vote running against Terry McAuliffe and Ken Cuccinelli. While the Libertarian Party is not threatening to win a statewide office any time soon, its candidates do bring fresh perspectives to otherwise stale debates.

Hyra, a 34-year-old patent attorney residing in a suburb north of Richmond, could liven up the campaign. His big themes are innovation and inclusion. He advocates a cut in the state income tax, legalization of marijuana, pardons for prison inmates convicted for drug offenses, more charter schools, and elimination of Virginia’s Certificate of Public Need restrictions on healthcare facilities. 

That’s certainly not a package of proposals you’re likely to see from anyone in either the Republican or Democratic parties.

Hyra’s tax proposal differs from Republican nominee Ed Gillespie’s by spreading the benefits more widely among taxpayers. Where Gillespie would cut existing tax brackets 10% across the board, conferring the biggest benefits upon higher-income taxpayers in higher tax brackets, Hyra would raise household exemptions up to $60,000. All taxpayers would benefit, but working class and middle-income citizens would enjoy a bigger break as a percentage of income than the well-to-do.

Unlike some Libertarian candidates, Hyra has concrete ideas on how to pay for the tax cuts — and they don’t require any hocus-pocus assumptions that cuts would stimulate enough economic growth to pay for themselves. He proposes dusting off the recommendations of the 2002 Wilder Commission, proposed during the Warner administration, to see if some never-implemented ideas might be resurrected. Specifically, he would look to see if the state’s real estate portfolio could be administered at lower cost, and if excess property could be sold.

Hyra proposes to save more money through reforms to the criminal justice system — fewer inmates might allow the state to close a prison. Also — I offer this free advice — he could consider rolling back tax breaks, exemptions and deductions in the state income tax code, which usually go to the well-heeled, to pay for his tax break. Hyra’s idea could accomplish the seemingly impossible: cut taxes, make the tax code more progressive, yet not stick it to the rich.

Hyra’s ideas on taxes probably could use some polishing. But his proposal certainly is credible enough to deserves airing in the campaign. I would love to see Hyra and Gillespie go one-on-one on how best to structure tax cuts and pay for them. Perhaps Democrat Ralph Northam could chime in on why tax cuts are not a good idea at all. Citizens would benefit from a more vigorous discussion of the issues facing Virginia.

I hope the media treat Hyra as more than a curiosity, and I hope he fares well enough in the opinion polls to warrant inclusion in the major candidate debates. That would make the debates worth watching!

Update: Bart Hinkle, the Times-Dispatch libertarian editorial page editor, writes favorably about Hyra here.