economy
Virginia businesses urge Spanberger steer away from new taxes
A new survey of Virginia business leaders found that smaller companies worry about the strain legislative proposals could place on their livelihoods, and believe elected officials are out of touch with local economic needs.
TL;DR
- 50% of Virginia business leaders believe state policymakers are out of touch with local economic needs.
- Concerns are high regarding progressive legislative proposals including tax expansion, minimum wage increases, and growing union power.
- Business leaders express pessimism about the broader Northern Virginia economy's stagnation but are somewhat optimistic about their own companies in the next six months.
- Proposed tax increases, repeal of right-to-work regulations, and a new tax bracket for high earners are key priorities of concern.
- The Northern Virginia Chamber urges Governor Abigail Spanberger to foster a business-friendly environment, avoid tax hikes, and support economic diversification.