The Dulles Regional Chamber of Commerce (DRCC) strongly supports substantive reform of Virginia’s tax and revenue system to more closely align the source of the Commonwealth’s tax revenues with the spending priorities of state and local government. This should allow for investment in essential infrastructure that is critical to the economic health of the revenue-producing regions in Virginia, including specific support for a rebate of a percentage of the state individual income tax back to the locality from which it was collected to help address this needed investment. Access to more diversified streams of revenue for high growth areas to support the increased costs associated with that growth, such as building new schools and roads, and paying the salaries of teachers and public safety personnel is also critical to DRCC.
The Dulles Regional Chamber urges lawmakers to support business-friendly tax policy that considers policies in other states, to ensure Virginia businesses can remain competitive in national and international markets and to fully consider of the overall economic impact of a business or industry’s presence in Virginia prior to awarding or removing any business sales tax exemption, as well as before considering any other significant change to business tax policy.
To support sound fiscal policy, DRCC supports continued investments in the “Rainy Day” Fund, the FACT Fund and targeted reserve funds as a hedge against the sluggish state economy, as well as federal spending reductions that have a disproportionate impact on the state economy.
The Dulles Regional Chamber is also focused on the following specific issues this session:
During this time of confusion and concern over the ongoing government shutdown, we wanted to share some resources that may be helpful to your business or nonprofit - many of these sites are being updated as more information becomes available:
HuffPost’s blog called "Shut Down, Not Shut Off" asks what we can learn from the shutdown’s impasse.