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

Rita Dove: "Collected Poems: 1974 - 2004"

A conversation with Rita Dove, former U.S. poet laureate and Pulitzer Prize-winner.

NPR

Frozen Food Fears: 4 Things To Know About The Listeria Recall

The FDA issued a massive recall of frozen fruits and vegetables this week. Here's what you need to know about the nasty bug that's causing all the problems.
WAMU 88.5

Back From The Breach: Moving The Federal Workforce Forward

A year after a massive cyber breach compromised the databases of the Office of Personnel Management, Kojo talks with OPM Acting Director Beth Cobert about her agency and key issues facing the federal workforce.

WAMU 88.5

Why Medical Error Is The Third Leading Cause Of Death In The U.S.

New research shows medical error is the third leading cause of death in the U.S., killing more than 250,000 people a year. Why there are so many mistakes, and what can be done to improve patient safety.

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