WAMU 88.5 : News

New Tax Laws Aim To Support Virginia Businesses

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All Virginia cities, many towns, and 47 counties impose business, professional, and occupational license taxes. Even when they don't make profits, businesses still must pay the tax imposed on their gross receipts instead of taxable income. Gov. Bob McDonnell calls that an obstacle to success.

"Sixty percent of all small businesses fail within the first five years, either because of under-capitalization, bad management, or government intrusion, whether it's taxes or regulations," he says.

One new law allows localities to exempt unprofitable businesses. The governor says a second gives localities more flexibility for new companies.

"That really gives it a lot of opportunities to allow localities to compete, to be able to get new businesses to come their, or, more importantly, to get entrepreneurs to start a business," McDonnell says.

Local governments are not mandated to make these changes.

WAMU 88.5

Verdine White On 45 Years With Earth, Wind & Fire

Forty-five years ago, the band “Earth, Wind and Fire” introduced audiences to a new kind of funk--one that fused soul, jazz, Latin and pop. Bassist Verdine White talks to guest host Derek McGinty about breaking racial boundaries in music and how the band is still evolving.

NPR

If War Is Hell, Then Coffee Has Offered U.S. Soldiers Some Salvation

"Nobody can soldier without coffee," a Union cavalryman wrote in 1865. Hidden Kitchens looks at three American wars through the lens of coffee: the Civil War, Vietnam and Afghanistan.
WAMU 88.5

What's Ahead At The Democratic National Convention

The Democratic National Convention gets underway in Philadelphia, where Hillary Clinton will accept the presidential nomination.

NPR

What Verizon Will Get When It Buys Yahoo

Verizon is expected to announce a deal to buy Yahoo's Internet business on Monday. The telecom giant is eyeing Yahoo's content — and more opportunities to sell ads on it.

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