Budget & Revenue
Who’s GILTI? What’s SALT? And What Just Happened With Virginia’s Tax Law?
Today, the governor signed a nearly $1 billion tax package that was passed earlier this week by the General Assembly (HB 2529/SB 1372). The legislation included an emergency clause
Racial Equity Impact of Proposed House and Senate Budgets
Despite the uncertainty and hurt caused by the unearthing of racist photos and sexual assault claims, the work to determine how the state uses our shared resources from now through July 2020 must go on.
Governor and Legislators Move Forward Tax Plan That Does Little to Nothing for Many Black Families
Revelations of Virginia lawmakers’ pasts have overwhelmed state and national news stories this week. The public as well as elected leaders and lawmakers have responded by denouncing racism and looking toward more fully reckoning with the racist legacies that persist in the commonwealth.
Teachers March and Some General Assembly Leaders Vote…For Tax Giveaways, We’ll Know More Sunday
Revelations of Virginia lawmakers’ pasts have overwhelmed state and national news stories this week. The public as well as elected leaders and lawmakers have responded by denouncing racism and looking toward more fully reckoning with the racist legacies that persist in the commonwealth.
Good Tax Policy is Good Health Policy: The Far Reaching Impacts of a Refundable Work Credit
Health care was clearly front and center during Virginia’s legislative session last year. And what some may not realize is that this year’s central debate – on tax policy – also has health implications.
Celebrate EITC Awareness Day By Improving the Credit This Year!
There has been broad, bipartisan support for the Earned Income Tax Credit (EITC) for decades. And for years elected officials, direct service providers, and tax preparers have worked together to make sure families are aware of this vital credit. EITC Awareness Day is an opportunity to bring attention to the
Better Together: Virginia Should Help Make Work Pay by Strengthening Both the Minimum Wage and Earned Income Tax Credit
Every child in Virginia should go to sleep at night without worrying about whether there will be food for a full day’s meals, and every Virginia parent should know that if they go out and work a full-time job they’ll bring home enough to feed their family and keep a roof overhead.
The EITC Boosts Opportunities for Communities of Color
State and local taxes play an important role in shaping economic opportunity. These tax revenues pay for the schools, roads, parks, and libraries that create a foundation for thriving communities.
Veterans and Their Families Deserve Full Credit
About 55,000 veteran and military families in Virginia currently receive the federal Earned Income Tax Credit (EITC). Virginia has its own