Thomas Jefferson Institute for Public Policy

Economic Development

The key to a growing economy is increased economic development and a decrease in government intrusion into the market place. As the old saying goes, "A rising tide lifts all ships." That theory applies to economic development. If a vibrant economy is available to Virginia, then everyone benefits -- more people are employed and the tax base allows for adequate funding for government programs. Government policies and actions impact on future economic development and this Center looks at specific issues impacting on economic development based up the Mission Statement of the Thomas Jefferson Institute.

October 2018

Jefferson Journal:  Tax Conformity Alone Is Not Enough
Jefferson Journal: Tax Conformity Alone Is Not Enough — By Stephen D. Haner  When the General Assembly meets in January, it should fully conform Virginia's tax system to the new federal Tax Cuts and Jobs Act, but it shouldnot stop there.  It should also take immediate steps to reduce the state tax increases that conforming the tax code will automatically create for many Virginia families and businesses.  (10/4/2018)  Read It Here!

August 2018

State Implications of Federal Tax Reform in Virginia
State Implications of Federal Tax Reform in Virginia — The new federal tax law cuts federal taxes for most filers in Virginia, but without action by the Commonwealth's General Assembly, many Virginians will experience an unlegislated increase in their state tax liability.  If lawmakers elect to avoid a state tax increase, the added revenue provides an opportunity to pay down real reforms to Virginia's tax code.  This new paper explains the issues ... and the opportunities.   Read it here!

February 2018

The Jefferson Journal:  A Growing Economy Needs Regional Bank De-Regulation
The Jefferson Journal: A Growing Economy Needs Regional Bank De-Regulation — By Michael Thompson.  The Dodd-Frank Wall Street Reform is hobbling Virginia's regional banks and, in turn, hurting economic growth in the Commonwealth.  In fact, Virginia has missed out on nearly $18 billion in annual GDP growth due to the improperly calibrated regulations on regional banks under Dodd-Frank.  It's time to change it.  Read It Here!

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