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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

Woody Allen's 'Fading Gigolo' Full Of Loneliness And Longing

In the new comedy Fading Gigolo, John Turturro plays the title character, and Woody Allen plays his pimp. This story originally broadcast on All Things Considered on April 18, 2014.
NPR

Soup to Nuts, Restaurants Smoke It All

While you won't find cigarettes in restaurants anymore, some smoking isn't banned. It's not just meat, either; it's hot to smoke just about anything edible.
WAMU 88.5

Virginia Remains At Odds With Feds On Medicaid Expansion

Lawmakers in Virginia continue to resist the $9.6 billion Medicaid expansion on offer from the federal government as part of the Affordable Care Act.

NPR

Watch For The Blind Lets You Feel Time Passing

A new watch allows the blind to feel time on their wrists. Designer Hyungsoo Kim tells NPR's Wade Goodwyn his watch allows users to tell time accurately without revealing their disabilities.

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