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Bacon's Rebellion: "Virginia Is Not for Tax Lovers"
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"Bacon's Rebellion
Building more prosperous, livable and sustainable regions in the Commonwealth of Virginia.
Thursday, June 16, 2005
"Virginia Is Not for Tax Lovers"
In an editorial today, The Wall Street Journal has come up with a more optimistic interpretation of Tuesday's primary election results than I did. American elections are so rigged in favor of the incumbent, the WSJ notes, that any ejection of entrenched office holders is significant. In that light, the low-tax movement made significant progress: The most vocal of those pro-tax incumbents was so embattled that he withdrew from the race. Another was trounced, two-to-one, by a twentysomething political neophyte. Two others barely won, and in the statewide contest to select the GOP's Lieutenant Governor and Attorney General nominees, the tax hike defenders were upset up anti-tax challengers. Several other tax-raising Republicans beat back challenges more comfortably, but we suspect that they also got the voter message. The WSJ also raised the issue, little remarked upon by Virginia's own commentariat, of Virginia's massive surplus: GOP taxpayers had reason to be upset because they now know the $1.4 billion tax increase was sold under false pretenses. Democratic Governor Mark Warner--who had won in 2001 on a no-new-taxes-pledge--argued that it was necessary to balance the state budget even as the reviving economy was creating a new revenue surge. This year Virginia is sitting on a $1.5 billion surplus thanks to a 14% rise in tax revenues. I don't sense that the mounting surplus played much of a factor in the primary races. I rarely heard it mentioned. But that doesn't change the fact that Virginia voters ought to be furious at those who raised taxes unnecessarily.
Posted by
James A. Bacon
at
8:29 AM
17
comments:
Will Vehrs
said...
Jim, I wo"
....
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