South Carolina senators will soon consider a fiscal 2024-25 budget for the state, a plan that includes nearly $100 million to speed up a personal income tax reduction.
Last week, the Senate Finance Committee gave the thumbs up to its version of a state budget, H.5100, and a Capital Reserve Fund, H.5101, sending both to the full Senate for consideration.
Read the full story
Key Virginia Democrats pulled their support from the proposal by Governor Glenn Youngkin to build a new sports complex in Alexandria, Virginia for the Washington Wizards and Capitals, and did not place a bill to advance the initiative on the Senate schedule on Monday.
State Senator Louise Lucas (D-Portsmouth) first indicated she would use her power as the Senate Finance Chair to block the bill in a Saturday post to X, the platform formerly known as Twitter, in which she slammed Youngkin for suggesting Democrats do not want “a strong America” in his speech at the 28th Mock Convention at Washington and Lee University.
Read the full story
Tennessee Senator Marsha Blackburn (R-TN) announced that she has been appointed to serve on the Senate Finance Committee for the 118th Congress.
Read the full story
RICHMOND, Virginia – As the legislature approaches its March 12 adjournment, legislators are working on budget negotiations, wrapping up their consideration of other bills, and continuing to return to pre-COVID-19 operations.
On Tuesday, the Senate Finance Committee advanced a number of bills from the House of Delegates, but at the beginning of the meeting Committee Chair Janet Howell (D-Fairfax) warned that the committee would add a financial contingency clause to several of the bills that aren’t currently funded in budget proposals. Health and Human Resources Subcommittee Chair Emmett Hanger (R-Augusta) presented the subcommittee’s report on many bills.
Addressing Howell, he said, “We had the issue that you referred to as you began the meeting where on a number of them, there was not an allocation of funds coming from the House. So, we’re going to have, obviously, resource issues as we enter conference in terms of whether or not we can support all these good ideas that we’re going to advance today with the clause.”
Read the full story
RICHMOND, Virginia – The House of Delegates and the Senate have passed their separate budget proposals for Fiscal Year 2022 and 2023. Both chambers debated floor amendments to the bills on Thursday before passing them, but the final versions are broadly similar to the proposals announced earlier this week. Each chamber’s proposal is based on former Governor Ralph Northam’s budget proposal, but the money committees made significant amendments before sending them to be passed out of the House and Senate. The Senate bill contains fewer tax cuts than the House bill, allowing for more spending, while the House bill is closer to the tax policy Governor Glenn Youngkin has called for. The two chambers now enter a process of working to a compromise.
Senate Finance Chair Janet Howell (D-Fairfax) told the Senate that the proposal fulfilled promises made amid spending cuts during earlier hard times.
“In this budget we’ve done that, by making significant investments in education, natural resources, public safety, and human services. We’re also chipping away a funding cap on support positions for K-12 education over both years of the biennium, embracing increased teacher and state employee pay, and adding to those compensation increases a one-time bonuses for teachers and state employees,” Howell said.
Read the full story
The Senate Finance Committee killed a bill that would have blocked the City of Richmond from holding another casino referendum, after voters voted against a casino proposal in 2021. The bill would have granted the opportunity to build the casino to nearby Petersburg instead, and some committee members expressed a desire to study the potential implications of a Petersburg casino. The February 10 vote against the bill left the door open for Richmond to try again, and take the last of five casino licenses in Virginia. Now, Senator Joe Morrissey (D-Richmond) is pushing to block Richmond through a budget amendment.
Read the full story
CHESAPEAKE, Virginia – The day after celebrating his first major legislative win, Governor Glenn Youngkin is anticipating a bigger battle over the budget. On Thursday, he began touring Virginia to tout his tax reduction plans and enlist locals across the commonwealth in an effort to woo legislators. He made stops in Leesburg, Chesterfield, and Chesapeake.
“Now, because we are where we are in our legislative cycle, now there’s another three weeks or so of work to be done. And I need your help,” Youngkin said at his Chesapeake stop to an audience of local politicians and business leaders.
“I need you to talk to your elected representatives. Talk to your delegates. Call your senators. Send them a note. We need to cut taxes,” he said.
Read the full story
Why is insulin, invented more than 100 years ago, still unaffordable for many of America’s 10 million diabetics who rely on it?
Politicians reflexively blame pharmaceutical manufacturers. Sen. Bernie Sanders asked rhetorically in November, “What possible reason, other than greed, could there be for the pharmaceutical industry to raise the price of insulin by more than 1,400%?”
Michigan Attorney General Dana Nessel recently announced plans to investigate rising insulin prices as a pretext for increased government regulation of the market. “While drug companies profit off of people’s health, they also benefit from a current market in which they control the pricing,” she proclaimed. “Enough is enough.”
Read the full story
West Virginia Democratic Sen. Joe Manchin came out against his party’s plan to tax billionaires in order to finance their social-spending package just hours after it was first released.
“I don’t like it. I don’t like the connotation that we’re targeting different people,” Manchin told reporters Tuesday morning, describing billionaires as people who “contributed to society and create a lot of jobs and a lot of money and give a lot to philanthropic pursuits.”
Read the full story
RICHMOND, Virginia – After hammering out a compromise between the House of Delegates and the Senate, the Virginia General Assembly voted to send its American Rescue Plan Act (ARPA) budget bill to Governor Ralph Northam. The bill passed the House 78-20 and passed the Senate 23-16.
Senate Finance Committee Chair Janet Howell (D-Fairfax) said that she and other senators fought for the Senate’s amendments in a conference committee with representatives from the House.
“As you look at the conference report you will see that on several items our position was affirmed, and on others we were able to compromise,” she reported to the Senate.
Read the full story
Democratic Oregon Sen. Ron Wyden will delay President Joe Biden’s Customs and Border Protection (CBP) head confirmation until the federal government answers about how officials responded to civil unrest in Portland, Oregon, last year, CNN Politics reported Thursday.
Wyden said he would not advance Tucson, Arizona, Police Chief Chris Magnus‘ confirmation to CBP commissioner, according to CNN. Wyden won’t move forward with Magnus’ nomination “until DHS and DOJ give Oregonians some straight answers about what they were up to in Portland last year, and who was responsible,” the senator said in a statement.
Read the full story
by John Solomon A year-long Senate investigation concluded Wednesday that Hunter Biden’s efforts to cash in on foreign business deals during his father’s vice presidency raised alarm among U.S. government officials, who perceived an ethical conflict of interest and flagged concerns about possible criminal activity ranging from bribery to sex trafficking. The long-awaited joint report by the GOP-led Senate Homeland and Government Affairs and Senate Finance Committees delivered several blockbuster revelations less than two months before Election Day, suggesting Obama administration officials ignored clear warning signs about ethical conflicts and possible extortion risks involving Joe Biden’s family. Perhaps the most explosive revelation was that the U.S. Treasury Department flagged payments collected overseas by Hunter Biden and business partner Devon Archer for possible illicit activities. The so-called Suspicious Activity Reports flagged millions of dollars in transactions from the Ukrainian gas company Burisma Holdings, a Russian oligarch named Yelena Baturina, and Chinese businessmen with ties to Beijing’s communist government, the report said. Senate investigators have yet to determine if the FBI or others investigated the concerns. “The Treasury records acquired by the Chairmen show potential criminal activity relating to transactions among and between Hunter Biden, his family, and his associates with…
Read the full story