Category: Business and Economy
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Max: Youngkin Right To Veto Minimum Wage
By Derrick Max There is a near-universal consensus among economists that increases in the minimum wage harm low-skilled workers the most. Originally designed to mimic racially discriminatory laws elsewhere, the minimum wage continues to be a means of picking certain classes and geographic locations over others. For example, the minimum wage benefits the high-cost-of-living areas in the…
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Call the Governor a Spoiled Brat? That’ll Work!
By Steve Haner A senior Democrat on the Senate Finance Committee just called the Governor of Virginia a spoiled brat, which of course became a headline. Is everybody getting the nonsense out of their systems? It is time for the grown-ups to intervene or we will be stuck in a stupid loop until July. The…
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Wind Project Sued Over Claimed Threat to Whales
By Steve Haner A coalition of public interest groups has now filed its expected lawsuit seeking to halt construction of Dominion Energy Virginia’s offshore wind facility off Virginia Beach. Its key complaint is the federal permits were issued without a full and fair evaluation of the potential impact of the turbines on the shrinking North…
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Complex Digital Sales Tax Worthy of Veto
By Steve Haner Pick any member of the General Assembly at random, stop them in the grocery store for a chat, and quiz them about the digital sales tax they approved a week ago Saturday. It will quickly become clear that most had no idea what they were voting for when they approved it.
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Jefferson Institute Lists Bills Youngkin Should Veto
By Derrick Max We have reached sine die of the 2024 General Assembly legislative session. During this session, over a thousand individual bills and a nearly 500-page biennial budget were sent to the Governor. All of this must be reviewed and acted upon by Governor Glenn Youngkin (R) before the April 17 reconvened session. There may be hundreds…
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The Sausage Factory Taxes the Digital Economy
By Steve Haner The Virginia General Assembly has now jumped into the brave new world of taxing the digital economy, but the sales tax provisions it adopted in the budget conference report Saturday are not the same ones that appeared in earlier budget versions. The cabal of tax raisers in the secret final negotiation got…
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See, Hear, Speak No Evil on Four Whale Deaths
Another whale has turned up dead on a beach, the fourth found on Virginia or North Carolina beaches within one week, several within sight of Dominion Energy Virginia’s offshore turbine project. This one was identified as a juvenile sperm whale and is the furthest from the project site. In all the news coverage so far,…
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Whoops!
by James A. Bacon A recurring debate in Virginia’s push toward a net-zero electric grid has been whether demand for electricity in the Old Dominion will grow or shrink. Citing expansion of demand from data centers and electric vehicles, Dominion Energy has contended for years that demand for electricity would continue increasing at a steady…
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Is Dominion-Stonepeak Deal a Partnership Flip?
By Steve Haner Dominion Energy Virginia insists that its decision to sell a half-interest in the Coastal Virginia Offshore Wind project “won’t impact ratepayers.” The problem is, perhaps it should. Perhaps Dominion is creating additional value for its shareholders that instead should benefit ratepayers.
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Which Side Are You On?
by Joe Fitzgerald Dartmouth’s basketball team voted this week to unionize. It’s a shame Harrisonburg’s police officers can’t. The basketball players will join the SEIU, Service Employees International Union, a kind of super union for people who don’t qualify for other unions. SEIU strongly supports health care and a higher minimum wage, making it a…
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EPA Told CVOW Wake Has Air Quality Impacts
By David Wojick In formal comments, the Committee for a Constructive Tomorrow (CFACT) has asked the U.S. Environmental Protection Agency to assess the adverse impact of the giant Virginia offshore wind project on air and water quality. The issue is far-reaching because all big offshore wind facilities could have these adverse effects.
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Killing the Digital Goose for Its Golden Egg
By Steve Haner The last time the General Assembly made a similar mistake with the Virginia tax code was 20 years ago. It was 2004, and the complaints that business was not “paying its fair share” came from Republicans in the House. They introduced and quickly pushed through a bill that stripped sales tax exemptions…
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RVA Meals Tax: Practically Poetic Injustice
by Jon Baliles As noted, two weeks ago City Council approved the change to city code to make sure the city’s Finance Department only applies meals tax payments to the month for which the invoice is submitted. So, no more of the shady practice that had been applying a portion of say, May’s tax payment,…
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Bait and Switch: Reform Reverts to Mo’ Money
By Chris Braunlich Some years back, I ran into a friend, a Virginia Education Association unit chair, outside the General Assembly building, there to lobby on behalf of a state-wide teacher salary increase.
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Governor May Get Two Different Nuclear Bills
By Steve Haner A Virginia Senate committee voted Monday to approve a House of Delegates bill designed to finance a small modular nuclear reactor in Southwest Virginia, contradicting its own earlier vote for a much broader bill that had statewide application. Two different bills on the same topic might now pass the Virginia Senate. If…