Budget & Revenue
State Funding Proposals Include Regressive Tax Increases – Many without Offsets
Last week, the 2020 General Assembly session reached the point of the legislative calendar known as “crossover.” From crossover until the end of session, the House of Delegates only considers legislation that has passed the Senate, and the Senate only considers legislation that has passed the House (the lone exception is the budget bill).
What’s Holding Virginia Back from Solving Its “Math Problem” and Funding Our Schools – Virginia’s Tax System
This Sunday, House Appropriations and Senate Finance will release their proposed amendments to the governor’s 2020-2022 budget. Educators and advocates are hopeful to see critical investments in Virginia’s public schools that build upon the introduced budget, especially with continued economic growth bringing in additional revenues to the state budget.
State Tax Proposals Would Make Virginia’s Tax System More Fair
The 2020 General Assembly session offers an opportunity for state lawmakers to substantially boost investments into critical areas while also making Virginia’s tax system more fair.
The Deeply Flawed 2017 Federal Tax Law Turns Two
An economy that works for everyone means prosperity is shared widely: our communities can thrive, families are able to provide for themselves and their children, and opportunities are available to each person.
Proposed Tax Increases Would Be Regressive and Only Partially Offset
When it comes to investing in our state and communities, our state lawmakers have often turned to regressive taxes and fees as their preferred funding source.
Casino Gambling May Not Be Winning Jackpot For The Commonwealth
Recent media coverage and debate among state lawmakers shows that Virginia has interest in legalizing casinos. And on Monday, two bills were prefiled for the 2020 legislative session that would do just that.
Restoring Virginia’s Estate Tax Would Increase Funding for Services and Reduce Inequality
At the federal level, policy discussions increasingly revolve around wealth taxation as a potential funding source for ambitious proposals.
Improving Federal and State Credits Would Boost Virginia’s Latinx Families
While tax laws may seem racially neutral, research has shown that tax policy choices often have substantially different impacts by...
Over 1 Million Virginia Taxpayers Expected to Miss Out on Refund Checks
If everything goes according to schedule, Virginia’s tax department will begin issuing $110 refund checks – $220 for joint filers – to Virginia taxpayers beginning next week and continuing through the first half of October.