2.) So, how does Virginia "magically" increase spending, without raising taxes? Inflation! I wrote about the stealth tax increase in the Virginia budget when inflation drives up wages, pushing taxpayers into higher tax brackets and lowering the value of their deductions (here). Virginia is one of only 16 states with graduated income taxes that does not index their tax code for inflation. The Thomas Jefferson Institute has long advocated for indexing Virginia's tax code (here).
3.) While inflation helps provide tax revenue to Virginia, it is a problem for taxpayers and the economy. Bidenomics has led to a 20 percent increase in prices since President Biden took office (here). Biden continues to lie that inflation was 9 percent when he took office (here). Or maybe he doesn't remember…
4.) Governor Youngkin vetoed the slot machine…errr…skill games legislation this week (here). Sadly, Governor Youngkin's veto letter noted that he was "willing to work with the General Assembly" on this issue (here). The leading thought is to dedicate revenue from skill games to "education" as is done with lottery revenue (here). But, as with the lottery, this is no guarantee of additional education spending (here). Viewed properly, the lottery (and potential skill game revenue) for education is best viewed as a tax that according to the Tax Foundation is regressive, lacks transparency, and is inefficient (here).
5.) The skill game veto means that the Thomas Jefferson Institute's position on all 11 of our key priority issues was favorably acted upon by the Governor -- thank you Governor Youngkin for being willing to veto or amend a record number of bills that would have significantly altered the economy and culture of the Commonwealth.
6.) Noting the added revenue the recently signed Virginia budget provided to the Washington Metropolitan Area Transportation Authority (WMATA), Governor Youngkin again urged President Biden to call federal workers back to their offices (here). I wrote last year about the reduced ridership and other issues underlying WMATA's near bankruptcy (here). Ridership alone won't fix what's wrong with this behemoth, but it is an important first step…
7.) The Presidential Debate Commission had chosen Virginia State University (VSU) to be the first Historically Black College (HBCU) to host a Presidential debate. President Biden's "make my day" debate challenge to former President Donald Trump cut VSU out as a debate hosting site. Former Governor Wilder and Governor Youngkin and a host of other elected Virginia officials went after President Biden for not agreeing to debate at VSU (here and here and here and here).
8.) In response to Governor Youngkin's request for documents about what is being taught in their planned mandatory DEI courses, VCU and George Mason University have both announced that the DEI courses will no longer be mandatory (here).
9.) Friday was the 70th anniversary of the Supreme Court's landmark decision in Brown v Board of Education. With one of the five cases that made up the historic case originating in Prince Edward, Virginia -- Virginia Public Media published a great retrospective on the history (here) as did Cardinal News (here). Governor Youngkin posted a message on X from the Moton Museum in Farmville, VA to commemorate the occasion (here). We have work to do, but we owe a debt of gratitude to those that stood up to fight this injustice. |