The Richmond Times-Dispatch ran an article this morning about R. Jerry Parker Jr., the man who is bankrolling the Virginia Conservative Action PAC. VCAP has donated $10,000 to $25,000 to each of the six Republican primary challengers to incumbents who voted in favor of last year’s $1.4 billion tax increase. Parker has personally contributed $212,000 to VCAP this year — 85 percent of the money collected. Founder and CEO of Chesapeake Capital Corp. in Henrico County, a $1.6 billion hedge fund, Parker hired Republican activist Robin DeJarnette to run the PAC. Sayeth the T-D:
Parker contends the tax increases were unnecessary, pointing to the eventual $1 billion surplus and an improving economy. “I’d like to play offense and say we need to reduce taxes,” he said. “We can’t even get there. We can’t even convince Republicans to hold the line.”
