Families in the Richmond region saw the rate of their inflation-adjusted incomes having the second-fastest growth among all 383 metro areas in the nation. Median household income rose 5.3 percent in the Richmond metro area in 2017 compared with 2016, according to data released in mid-September by the U.S. Census...
On Sept 12 a U.S. District Court judge in Galveston, TX issued an order which once again shows the power of the states in stopping overreaching EPA regulation. Many, including myself, have written volumes about the term “Water of the United States” (WOTUS), an effort by the Obama administration to...
Two more states may follow the lead of Rhode Island by imposing tolls (or increased toll rates) on heavy trucks, so as to invest the proceeds in highway improvements that will benefit all highway users. A study under way by Virginia DOT on improvements to I-81 has suggested up to...
Have we become a society of people who want to regulate others, but not ourselves? We laugh at those who suddenly object to a policy that seemed perfectly OK when (they thought) it only applied to others. We make fun of Al Gore demanding that “we” end “our” fossil fuel...
The Virginia Society of Certified Public Accountants (VSCPA) Monday called on the 2019 Virginia General Assembly to conform Virginia tax with recent federal changes, to track and sequester the hundreds of millions of dollars in higher taxes thus generated and to hold those funds for a future tax reform effort....
Since the advent of electronic toll collection, toll agencies have been pushing for nationwide inter-operability. Inter-operability allows a toll road user with an account in one state to use that tolling technology on toll roads in a different state. In 2013, the bill that reauthorized federal surface transportation policy and...
(Editor’s note: One of the problems today is that journalism has become advocacy in too many cases. This is a sad commentary since the readers deserve to receive reasonably accurate “news” and the opinion page should be just that. This article is another example of the problem we all face...
Ten years ago the Lehman Brothers debacle precipitated the financial meltdown we associate with the Great Recession, and the financial media are full of retrospectives. A key question is what lessons we learned from the epic failure. The main conclusion drawn, according to Daniel J. Arbess in the Wall Street...
Will the primary regulator of cell-cultured products (fake meat) be the Food and Drug Administration or the U.S. Department of Agriculture? The answer could make a big difference to the future of agriculture. The ‘sustainable’ meat folks believe they will have an easier time controlling the future of fake meat...
Unless the Virginia General Assembly acts, most Virginians will see their state tax taxes rise next year. But what does “conformity” with the federal tax code mean? And what are the implications for Virginia individuals and businesses? Get the answers here!
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