It doesn’t take much to realize that HB2313 is a huge mistake, especially in a time when the unemployment is at an all-time high and when the economy seems to be tanking due to Congress and the Obama administration being focused on spending (rather than addressing the crisis and cutting programs). HB2313 is supposed to raise money for transportation, but it will come at a cost to Virginia taxpayers.
The Jeffersoniad Blog Alliance (I’m a member of the coalition) sent a letter to members of the Virginia General Assembly rejecting the transportation tax hike. Here’s an excerpt from the letter:
If fully implemented, the bill would cost Virginia taxpayers over $1.3 billion in new taxes. With the economy on a knife’s edge, additional taxes would damage employment (by raising the cost of business), consumption (by raising overall prices), and the overall business environment.
HB2313 is a bad idea, and one that will be detrimental to Virginia’s economy.