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tax cuts

Trump signs tax cut bill at July 4 White House event
Jul 4, 2025

Trump signs tax cut bill at July 4 White House event

WASHINGTON (AP) — President Donald Trump signed his package of tax breaks and spending cuts into law Friday after his cajoling produced almost unanimous Republican support in Congress for the domestic priority that could cement his second-term legacy. Flanked by Republican legislators and members of his Cabinet, Trump signed the multitrillion-dollar legislation outside the White […]

House passes Trump’s $4.5T tax cut and spending bill
Jul 3, 2025

House passes Trump’s $4.5T tax cut and spending bill

WASHINGTON (AP) — House Republicans propelled President Donald Trump‘s big trillion-dollar tax breaks and spending cuts bill to final passage Thursday in Congress, overcoming multiple setbacks to approve his signature second-term policy package before a Fourth of July deadline. The tight roll call, 218-214, came at a potentially high political cost, with two Republicans joining all Democ[...]

On, April 16, Sen. Mark Warner held a roundtable with Virginia Tech President Tim Sands and others at the Carillion’s Center for Simulation, Research, and Patient Safety in Roanoke.
Apr 24, 2025

Medicaid cuts could close Virginia’s rural hospitals, Warner warns

Sen. Mark Warner warns Medicaid cuts may shutter hospitals West of Roanoke. In Virginia. That's because many rural hospitals operate in the red, and depend on Medicaid funding to keep the lights on.

Banking and finance experts optimistic but cautious regarding new administration’s impact 
Dec 31, 2024

Banking and finance experts optimistic but cautious regarding new administration’s impact 

The banking and finance industry could see gains under the incoming federal administration, those in the field say, with President-elect Donald Trump‘s proposed plans of a lower-interest-rate environment coupled with lighter regulatory oversight on the horizon.    They also note, however, that many proposals may never come to fruition or take some time before their impacts […]

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Dec 16, 2024

Youngkin proposes eliminating tax on tips in Va. budget

Gov. Glenn Youngkin announced Monday a budget proposal to exempt service tips from Virginia’s state income tax, an idea that’s gained bipartisan support federally. In a statement, Youngkin said that Virginians who receive tips — hair stylists, restaurant workers, bellhops and other service industry professionals — would benefit from being able to claim deductions on […]

Va. Secretary of Finance Stephen Cummings
Jan 25, 2023

Tax cuts are the way to grow

Virginia’s finances are in excellent shape, paving the way for the General Assembly to agree with Gov. Glenn Youngkin that it’s time to cut taxes in the commonwealth. It’s your money, not the government’s, and the government has collected too much of it over the last few years. In a snapshot, Virginia’s coffers are full. […]

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