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Monday, August 22, 2005The Case for TABOROn the heels of State Sen. Chichester's criticism of the Taxpayer Bill of Rights comes the rebuttal from the Virginia Institute for Public Policy: In the latest study released by the Virginia Institute, coauthors Stephen Slivinski and Dr. Michael New propose a Taxpayer's Bill of Rights (TABOR) for the Commonwealth of Virginia to boost economic growth while heading off a repeat of the budget crises that have plagued the state for the past several years. A constitutional amendment that would limit annual increases in state spending to the rate of population growth plus inflation, a TABOR would also require any tax surplus in excess of the spending limit to be refunded to the taxpayers, unless a public referendum allowed the excess revenue to be used for a specific purpose. A public referendum would also be required before the General Assembly could raise the spending limit.In short, we have a spending problem in Virginia, and certainly not a problem where taxes are too low. I haven't had a chance to read the report yet (employers tend to frown on that), but I'll get a chance to do so this evening. If there's anything profound, I'll be sure to comment accordingly.
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JEFFERSONIAD POLL: Whom do you support for Virginia Attorney General?1) John Brownlee2) Ken Cuccinelli AboutShaunKenney.com is one of Virginia's oldest political blogs, focusing on the role of religion and politics in public life. Shaun Kenney, 30, lives in Fluvanna County, Virginia.ContactThe Jeffersoniad
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