4 Key Victories for Virginia Small Business Owners

Date: June 06, 2018

 

Here are the four most important wins NFIB/VA helped secure during this year’s legislative session:

Stopped More Than $770 Million in New Taxes

More than $770 million in tax increases were proposed this past legislative session. The proposals ranged from reinstating the “death tax;” taxing new streaming services, such as Netflix, Hulu, Pandora, and Spotify; and creating a new statewide 2 percent hotel tax. These proposals died.

Defeated Minimum Wage Increase

NFIB led the fight to defeat a minimum wage increase in Virginia. We stopped seven bills (an increase from last year), including one proposal to raise the minimum wage as high as $15 per hour.

Blocked Mandatory Paid Leave

NFIB continued to stop as many as four (an increase from last year) different proposals that would require employers to provide some type of paid time off for sick or maternity leave. One specific proposal would have created a new “paid leave insurance program” modeled on the unemployment insurance fund. Initial projections showed more than $600 million in employer and employee taxes being generated.

Passed Regulatory Reform

NFIB continued to work for meaningful regulatory reform. With bipartisan support, Gov. Northam signed legislation to establish a regulatory reform pilot program with the goal of reducing or streamlining regulatory requirements by 25 percent over the next three years. The program will focus on the Department of Professional and Occupational Regulation (DPOR) and the Department of Criminal Justice Services (DCJS).

 

Related Content: Small Business News | Economy | Virginia

Subscribe For Free News And Tips

Enter your email to get FREE small business insights. Learn more

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

Or call us today
1-800-634-2669

© 2001 - 2024 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy