The Institute has updated its Tax Restructuring in Virginia study, offering 23 different revenue-neutral economic scenarios to expand the state’s economy and create more private sector jobs. A summary was sent to all candidates in this year’s General Assembly races in a letter co-signed by the Virginia Manufacturers Association, the...
The Iran nuclear deal will soon become reality even though a bi-partisan majority in Congress opposes it as does a vast majority of the American people. Significant arms agreements, especially between adversaries on the world stage, have always been by treaty, requiring a two-thirds vote of approval by the U.S....
The State Corporation Commission is conducting a two-week hearing to determine whether or not Dominion Virginia Power should rebate $66 million in excess profits to ratepayers, as calculated by the SCC staff. This review of Dominion’s base electric rates (which cover operating costs, not fuel or rate adjustment clauses) will...
North Dakota beat the U. S. Environmental Protection Agency and the Corps of Engineers in one U. S. District Court August 21. EPA won two other cases regarding implementing the Waters of the United States regulation. EPA made it clear that it would immediately start implementing WOTUS in 37 states....
Trucks handle more than two-thirds of all freight in the United States. And “heavy” trucks—those designated as Class 8—consume 28 billion gallons of fuel per year. Trucks in Class 8A average about 6 miles/gallon, a number that has hardly changed in decades. The first-ever mpg standards for medium and heavy...
Reeling stock markets across the globe hammered savings, pension funds, innovation and growth. US stocks lost over $2 trillion in market value in eight days, before rallying somewhat, while the far smaller Shanghai Composite Index lost $1 trillion in four days of trading, the Wall Street Journal reports. Battered economies...
A good idea for better public policy can, at times, take years to become reality. But when it happens it proves that old saying, “Every journal starts with the first step.” Transportation spending ia a good case in point.
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A good idea for better public policy can, at times, take years to become reality. But when it happens it proves that old saying, “Every journey starts with the first step.” Transportation spending is a good case and point. In 1999, the Thomas Jefferson Institute for Public Policy published a...
Federal spending is back on the upswing and that may provide part of the explanation for Virginia’s uptick in employment growth. President Obama’s budget shows a 7 percent increase in spending in the fiscal year that ends Sept. 30 compared with the prior year. Employment growth in Virginia accelerated to...
Jefferson Journal: Virginia Open for Business With Iran?
The Iran nuclear deal will soon become a reality even though a bi-partisan majority in Congress opposes it, as does a vast majority of the American people. But because the deal is an “agreement,” not a treaty, states are free to divest themselves of holdings with companies doing business with...