A Blueprint for Prosperity In the middle of the toughest economy we’ve faced in generations, too many hard-working Virginians have lost jobs, seen their hours or pay reduced, or been forced to clean out their savings just to make ends meet. Yet, just when we need them most, state services have been cut. Crumbling...
Finding the Best Deal for Virginians Analysis Examines Impacts of the Compromise Tax Deal on Virginia RICHMOND, VA — The compromise tax deal currently under debate in Washington has important implications for Virginia families, workers, businesses, and the state budget, according to a new report published today by the Commonwealth Institute for Fiscal...
How the State Budget Increases Taxes on Working Virginia Buried deep within the budget is a critical change to the state’s Earned Income Credit program that will raise taxes by a total of $6 million on 114,000 working Virginia families starting in 2010. Under the federal Recovery Act passed last year, the federal Earned...
