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"Public Policy Leadership in the Virginia Tradition"

The Virginia Institute for Public Policy is an independent, nonpartisan, education and research organization committed to the goals of individual opportunity and economic growth. Through research, policy recommendations, and symposia, the Institute works ahead of the political process to lay the intellectual foundation for a society dedicated to individual liberty, free enterprise, private property, the rule of law, and constitutionally limited government.



DONATE TO THE JOHN TAYLOR MEMORIAL FUND

To the supporters of the Virginia Institute for Public Policy, Tertium Quids, and the Virginia Liberty Movement,

For 20 years, John Taylor anchored the Liberty Movement in Virginia. He acted within a strict framework of principle and dedication when such words had long fallen out of fashion. John prescribed to the Enlightenment beliefs of our Founding Fathers, defending their benefaction against the disrespect and degradation hoist upon it by so many Americans today. He always knew that without men like Jefferson, Madison, Washington, and Mason these same detractors would be indefinitely under the thumb of yet another series of overseers. John lived his life fulfilling his passion for Liberty in the Commonwealth of Virginia, and the Virginia Institute aims to stoke this fire even further.

To this end, the Virginia Institute wishes to introduce the John Taylor Memorial Fund. The money raised will go to the program which John was most passionate about, namely the Tuesday Morning Group coalition. The Tuesday Morning Group coalition is among an exceptionally short list of the longest-lived, broad base, state level coalitions in the nation, and it is growing. Fifteen years after its inception, the coalition has earned a storied history of effecting positive change in the name of the free-enterprise system, private property, and the rule of law in Virginia. Frankly, however, there is considerable work still to be done.

This is where the John Taylor Memorial Fund comes in. The fund will not only support the monthly meetings of the Tuesday Morning Group, but also the Local Initiative program, which is designed to aid any local or regional level organization with operations, strategy, and vision planning. The Fund will also support a number of Tuesday Morning Group annual events to strengthen the connection between the coalition and relevant lawmakers as well as recognize important figures and efforts on the behalf of Liberty in Virginia.

Speaking to the Politics Practica seminar at Christendom College, February 9, 2015.




The Virginia Institute for Public Policy
releases a new policy report:

A Pro-Growth Tax Reform Agenda for Virginia

by Dean Stansel, Ph.D.

States with high income taxes tend to have worse economic outcomes than states with low (or no) income tax. Since the recession ended in 2009, the nine states with no income tax saw personal income grow one-third faster than the nine states with the highest income tax burdens. Employment growth was 50 percent faster, and population growth was more than twice as fast.

This disparity in economic performance is no coincidence. Income taxes levy a penalty on productive activity, and discourage saving and investment. In contrast, sales taxes have a more benign effect. By discouraging consumption, sales taxes encourage saving, which increases the funds available for lending, thereby making it easier for businesses to borrow, invest and expand their operations. Such higher levels of business investment lead directly to higher job growth.

Because of that distinct difference between income taxes and sales taxes, the worst possible policy would be to have a high income tax and a low sales tax. Unfortunately, that is exactly what Virginia has. Its income tax is well above average and its sales tax is well below average.

While Virginia is a low-tax state, the state has a distinctly anti-growth tax system. Switching to a tax code that places a lighter burden on income-producing activity would create a stronger climate for economic growth. That would make Virginia more competitive with its neighbors and the other states with which it competes for residents and jobs.

Download your copy of A Pro-Growth Tax Reform Agenda for Virginia today!

About the Author

Dean Stansel, Ph.D. is an associate professor of economics at Florida Gulf Coast University, an adjunct fellow at the Reason Foundation, and the primary author of the Fraser Institute's annual Economic Freedom of North America report, which ranks the states and provinces in the U.S., Canada, and Mexico. Prior to entering academia, Dr. Stansel worked for seven years at the Cato Institute, where he authored (or co-authored) more than 60 publications on fiscal policy issues. His academic research has focused on the impact of competition between local governments on fiscal and economic outcomes, the relationship between the size of government and economic growth, state fiscal crises, and a variety of other issues in the areas of public economics and urban economics. Professor Stansel earned a B.A. in economics and political science from Wake Forest University in 1991 and a Ph.D. in economics from George Mason University in 2002.

Virginia Institute for Public Policy
P.O. Box 1123  •  Abingdon, VA  •  24210
(540) 245-1776  •  JohnTaylor@VirginiaInstitute.org