According to a new survey conducted by WVEC, the Virginian-Pilot and Christopher Newport University, 58 % of Virginians surveyed said they would be opposed to raising taxes in order to balance the state’s budget.
The results shouldn’t be surprising considering Virginia’s Cost of Government Day (COGD) – the day of the calendar year on which the average Virginian worker has earned enough gross income to pay off his or her share of the spending and regulatory burdens imposed by governments on the federal, state and local levels – fell on August 17. This means Virginians needed to work 229 days of the year to pay for the cost of government.
The COGD report shows that Virginia has an overspending problem rather than a lack of tax revenue problem.
Click here to view the ATR’s press release.
photo credit: Steve Wampler