CENTERS for

Budget Planning

December 2018

New Jefferson Commentaries Make Case for Tax Reform
New Jefferson Commentaries Make Case for Tax Reform —  In two new Thomas Jefferson Institute commentaries published on opposite sides of the state, Institute scholars make the case for tax reform in Virginia.  In a commentary originally published in the Fredericksburg Free Lance-Star, Institute president Michael W. Thompson points out that the new "tax windfall" coming to Virginia as a result of federal tax changes is not factored into the current General Fund budget and that significant tax cuts could take place without reducing any of today's government programs.  Read Mike Thompson's Commentary Here!

 

Meanwhile Institute Senior Fellow for State and Local Tax Policy Stephen D. Haner points out in a commentary originally published in the Roanoke Times that doubling the standard deduction would affect the most Virginians and particularly help low-income wage earners.  Read Steve Haner's Commentary Here!

November 2018

Tax Conformity Must Be Coupled With Tax Reform
Tax Conformity Must Be Coupled With Tax Reform —  Over the next two years, Virginia taxpayers will pay more than $1.2 billion in added state tax taxes ... unless the General Assembly acts to reform our tax code when it conforms to federal changes.  The Thomas Jefferson Institute solution is simple:  Double the state standard deduction, helping nearly 2.8 million taxpayers; and reduce the corporate tax rate from six percent to five percent, making Virginia more competitive with our neighboring states and creating added jobs. (11/19/2018) 

Read The Institute's Tax Proposal Here!

Read Who is Endorsing the Institute Tax Proposal Here!

November 2018

Fourth Annual Conference on Virginia's Economic Future
Fourth Annual Conference on Virginia's Economic Future —  Top Northern Virginia business, economic, and political leaders gathered at George Mason University on October 29, 2018 to hear economists, trade association leaders, and financial analysts discuss the national and state economies, the impact of the federal Tax Cut and Jobs Act, the need for state tax reform, and the effect all this has had on personal investments.  Among the participants were Holly Wade, Director of Research & Policy Analysis for the National Federation of Independent Business; Steve Haner, Senior Fellow on State and Local Tax Policy for the Thomas Jefferson Institute; Fletcher Mangum, CEO of Mangum Economics; and Rachel Boyell, Director of Investment Strategy for Cassaday & Company.

See Holly Wade's Powerpoint Here!

See Steve Haner and Fletcher Mangum's Powerpoint Here!

See Rachel Boyell's Powerpoint Here!

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