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.

NPR

A 24-Year-Old Designed A Self-Driving Minibus; Maker Built It In Weeks

What if cars weren't mass produced? Local Motors, a small-batch auto manufacturer, relies on an online design community and a "co-creation" business model to bring new vehicles to market, really fast.
WAMU 88.5

How History Influences Diets In D.C. And Around The World

Kojo and chef Pati Jinich look at how history -- and famous names like El Chico, Azteca and even Fritos -- shaped modern Mexican-American cooking in the Washington region and beyond.

WAMU 88.5

Implications Of The Supreme Court's Immigration Ruling

Many undocumented immigrants are living in fear after a Supreme Court ruling effectively barred deferred deportation for 4 million people. What the ruling means for families across the country and how immigration policy is playing out in 2016 election politics.

NPR

A 24-Year-Old Designed A Self-Driving Minibus; Maker Built It In Weeks

What if cars weren't mass produced? Local Motors, a small-batch auto manufacturer, relies on an online design community and a "co-creation" business model to bring new vehicles to market, really fast.

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