Category Archives: Taxes

Understanding the Federal Budget: Part II

In response to the president’s budget submission in May, the House Budget Committee has produced the 2018 Budget Resolution and reported it to the full U.S. House of Representatives.  This is the second step in producing the annual budget for … Continue reading

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Tax Reform is Key to Virginia’s Future

As of March 2017, our state’s unemployment rate was over 3%. Granted, these numbers are not awful, but I would argue there is room for improvement. Many of these jobs are held by people who had better paying jobs just a few years ago. And we still have too many who have taken themselves out of the potential work force and this makes that 3% number look better than it really is.

Our state’s economy should be and can be much stronger. The most important thing we can do to make this a reality is overhaul the burdensome federal tax code. Continue reading

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Combine Corporate Tax Reduction With a Jobs Tax Credit To Keep and Grow Jobs in America

Yes, President Trump’s proposed 15% corporate income tax will make America great again as the best place to start and grow a new company, encourage American firms to stay in the US, stop off-shoring jobs, and bring their overseas cash … Continue reading

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Gillespie tax plan makes good sense

Ed Gillespie, one of the candidates running for Governor this year, has proposed a major tax cut that makes a lot of sense. Its key provisions would cut individual income taxes by 10 percent across the board over a three … Continue reading

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Cigarette Taxes Do Not Usually Produce Projected Income

Taxes are a funny thing.  They can’t be relied on to produce the amount of money governments hope to collect from those who pay.  Over and over again, it has become reality that in most cases the more government taxes … Continue reading

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