Virginia in top 10 states for investment and job creation
By D.J. McGuire | Thursday, April 21st, 2011 | VirginiaAmazing what happens when Virginia has a Governor who doesn’t demand tax increases every year:
Virginia Ranked Sixth in the Nation for Lowest Tax Burden on New Investments
The study was conducted by the Council on State Taxation. They measured capital investment (VA was 6th best) and job creation (VA was 10th best).
I would note that, while the exact formula was not specified, it looks like the Commonwealth would have fallen out of the top ten in both categories had the income tax increase demanded by the missing-seven-billion-dollar man had been enacted.
I’m just sayin’.
Cross-posted to the right-wing liberal
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Former candidate for Board of Supervisors in Spotsylvania, current blogger, economics teacher, and long-rumored windbag. There are two causes closest to the heart: steering the country away from the social democratic nonsense that is sinking Europe, and convincing the rest of the "rightosphere" that the NBA really is a joy to watch.
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15 Responses to "Virginia in top 10 states for investment and job creation"
Again, please stop with the hyperbole. Tax rates on bsuinesses are essentially the same now as they have been for ten or fifteen years, and of course Virginia has been top rated for business under republican and democratic Governors. Regretfully, both parties have failed to deal with transportation, and as a result, we face an estimated $8 billion in deferred repair and maintenance. But apparently that is not a category on the list, so we have whistled by the graveyard. That, and many other states are in the same position as us.
Could you link to the survey?
And do you care to say who are the top 10? If we’re 6th in capital investment and 10th in job creation then there are a number of state ahead of us. If any of those states have higher taxes that completely nullifies your argument.
I’d also love for you to state who the largest employers in the state are. Maybe you could provide a top 10 list or would that nullify your post as well?
For anyone who would actually like to see the survey, here’s the link.
http://www.cost.org/
State and Local Business Tax Competitiveness Index:
Taxes on New Investment by Selected Industries
Weighted by Capital Investment
1. Maine
2. Oregon
3. Ohio
4. Wisconsin
5. Illinois
6. Virginia
7. New Hampshire
8. Delaware
9. Wyoming
10. Minnesota
Weighted by Jobs:
1. Maine
2. Oregon
3. Ohio
4. Wisconsin
5. Delaware
6. New Hampshire
7. Montana
8. Illinois
9. Wyoming
10. Virginia
ToR, here’s a link to the WaPo article, which will also take you to the study page:
http://www.washingtonpost.com/blogs/virginia-politics/post/study-virginia-has-sixth-lowest-tax-rate-for-expanding-businesses/2011/04/21/AFc05SJE_blog.html
Great Gov McD creates McDolnald’s jobs… Want fries with that? Congratulations!
William, at least McDonald’s workers can spell McDonald’s.
Cause: Under funded public schools?
How many of the 50,000 national McD jobs is McBob going to claim he created? LOL
[...] This administration takes job creation seriously, and it’s only a good thing that Virginia ranks high in economic growth. Unfortunately though, rather than focusing on selling features and benefits in the form of low overall tax rates and unburdensome regulations – the focus is on business subsidies provided by the parent company – the taxpayer. [...]
Bill – I think your right. I’m a well-educated, hardworking, professional that is leaving the state of Virginia. I made the mistake of working for Joint Forces Command as a privet sector non-union employee. My Democrat Representative and two Democrat Senators all seem comfortable with the outcome. None, I repeat NONE of my public sector co-workers lost their jobs. Approximately 2400 privet sector employees lost their jobs. This is what passes for leadership in the Democrat party, thank Sen. Webb and Sen. Warner. Each understood that it was an uninformed political decision that would adversely affect their State and constituencies. Virginia has a long history of supporting our national security, and as a reward we have been ill served by our progressive elected officials. The Governor is not Virginia’s problem; you should perhaps look at other elected officials.
Your missing the boat with that blame. McBob didn’t close Joint Forces Command but conservative voters screaming for cuts in taxes and less federal spending got exactly what they wanted. There will be more to come. However our “jobs Gov” did lose those positions on his watch…but I don’t hold him responcible.
Honestly, if you are concerned about the Joint Forces Command, you have to hold Forbes accountable. He was AF chairman, in his district and a republican but didn’t have a clue it was getting closed. Hello? Failed to know and do his elected job.
Nobody need look further than Forbes office…
The only way to create long lasting jobs is for the government to get out of the way and let the free market do its job. These incompetent politicians are so corrupt that they cannot even function.
Meanwhile, the Democrats have killed job creation in the private sector. While Democrats point the finger, they fail to realize that their bloated government is stagnating the economy. Glad that Governor McDonnell and Virginia has been recognized.
Liberals seem to put their blind faith in the massive political framework. They have given the government a pass on the critical role they played in our economic disaster.
Bill,
Let me get this straight. The Executive branch makes a unilateral decision to close a major command, intentionally bypasses the BRAC process (with its protections for workers and the community), fails to notify congress of its intent, and you blame the newly elected governor and the local representative. Your progressive ideology and Obama hero worship has so influenced your critical thinking ability that an informed policy discussion with you appears impossible.
Ref: Let me get this straight, you couldn’t understand the written words I wrote above that indicate my views on McBob and Joint command: “I don’t hold him responcible.” I wrote those words…
Sorry Ref but there is no point in my responding with somebody that can’t read or understand my words. I’m done with you.
Next…
Whoooo, Whoooo…call on me! PlEEEESE.
Bill
My reading skills, comprehension and cognitive ability are on par with yours. You said: “However our “jobs Gov” did lose those positions on his watch”. Now Bill; “our jobs Gov”, that would be Gov. McDonnell, “did lose”; emphatic followed by an action verb; “those positions”; that would be the JFCOM jobs. I stand by my statement; you tried to blame Gov. McDonnell. Say what you mean and mean what you say. Anything else is just rhetorical sophistry and unworthy of this blog.
And Bill it’s probably wise to be “done with me”; I’ll keep pointing out the flaws in your arguments and the unpleasant/inconvenient truths you prefer to ignore.
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