: News
By Peter Granitz
Virginia Governor Tim Kaine hopes to narrow the budget gap by replacing the state's car tax with an increase on the income tax. The tax increase could raise $2 billion a year for the Commonwealth. The permanent, 1 percent increase would be phased in and begin in the Spring of 2011.
It's separate from the budget Kaine is presenting today, which includes more than $1.2 billion in spending cuts. Kaine hopes the tax increase will narrow the more than $3 billion state revenue shortfall.
The cuts include slashing higher education by 26 percent, and sizable reductions in public safety and mental health services.
The plan needs to pass the Republican-controlled House. Incoming Governor Bob McDonnell campaigned on a pledge he would not support any tax increases.
Meet London's Master Architects In Jell-0
London duo Sam Bompas and Harry Parr have made names for themselves with their wild, experimental food installations. From pineapple islands and banana vapors to re-creations of famous architectural monuments, their work playfully pushes the boundary of how we experience food.Meet London's Master Architects In Jell-0
London duo Sam Bompas and Harry Parr have made names for themselves with their wild, experimental food installations. From pineapple islands and banana vapors to re-creations of famous architectural monuments, their work playfully pushes the boundary of how we experience food.Stunned By Military Sex Scandals, Advocates Demand Changes
As the nation prepares to mark Memorial Day, outrage has been building on Capitol Hill and beyond over the military's failure to repair a system that has placed service members in more danger of sexual assault than of battlefield injury.Google Reportedly Faces FTC Antitrust Probe Over Display Ads
The Federal Trade Commission is in the early stages of opening an antitrust probe into how Google runs its online display advertising business, according to a report by Bloomberg News, citing sources who want to remain anonymous because the FTC has not announced the probe.Leave a Comment
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