Commonwealth Institute: State Funding Proposals Include Regressive Tax Increases – Many without Offsets

Although many significant state (Virginia) tax policy bills filed for this year did not move beyond the committee level, several proposals remain under consideration. A large transportation funding package (HB 1414 and SB 890) and several standalone regional transportation funding bills have advanced from their respective chambers in the Virginia General Assembly. In addition, proposed increases to cigarette and tobacco taxes are included as part of the House and Senate budget proposals.

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