Budget & Revenue
Federal Proposal Would Boost Working People throughout Virginia’s Economy
As Labor Day approaches and we celebrate the contributions and achievements of working people, we must also acknowledge the barriers that many continue to face.
Combined Reporting: A Key Tool to Limit Corporate Tax Avoidance
Next week, the Northam administration will give their annual presentation about the state’s finances to the legislature’s money committees. Preliminary reports indicate that state revenues came in above the official forecast for the fiscal year that ended in June.
New Federal Proposal Would Give Needed Income Boost to Virginia’s Veterans and Active-Duty Military
Many veteran and military families in Virginia struggle to make ends meet.
New IRS Rule Narrows Tax Loophole Abused in Virginia
Earlier this month, the Internal Revenue Service (IRS) finalized a new rule helping to narrow a tax loophole that had been abused here in Virginia. The rule prevents people or corporations from “double-dipping” when making donations to private or religious schools as explained here by the Institute on Taxation and Economic Policy (ITEP).
Federal Proposal to Boost Kids and Families Takes Step Forward in Congress
Supporting families means making sure each parent can provide for themselves and their children. That includes putting food on the table, keeping the lights on, having reliable transportation, and affording other basics.
New Federal Tax Credit Proposals Would Help Families In Virginia
Decisions about tax policy reflect our values as a society and have a direct impact on our ability to support our families and contribute to our communities. No family should lack the basic resources necessary to thrive, and some federal policies are in place to specifically boost incomes for low and moderate-income families.
Improved Working Families Tax Credits Would Give a Boost to Mothers and Children
This Mother’s Day, let’s remember that well-designed tax policy has a role to play in supporting moms and their families. For too many mothers, working at low wages means struggling to get by and to get ahead.
I-81 and Other Projects Get Funding Boost
For Virginia’s communities to thrive, the state needs to make ongoing investments, and that includes safe, well-maintained roads and highways. In Virginia, serious investments must include a serious discussion about revenues.
New Federal Proposal Would Raise Incomes and Support More Working Families and Children
Earning a paycheck should mean being able to provide for one’s family. However, many of Virginia’s low-income working families are struggling to make ends meet to keep up with rising costs like rent and expensive child care. A new federal proposal,