Revenue that Virginia officials were anticipating from online sales tax legislation in Congress is now in doubt.
Recently the U-S Senate overwhelmingly approved a measure to make it easier for states to collect sales taxes from online purchases. Since then lobbyists for big online retailers and small business owners alike have stormed House office buildings trying to sway your local representatives.
The reason for the intense lobbying effort is that billions of dollars are at stake. Virginia officials expect to reap more than $250-million from online sales tax revenue.
State revenues improved a little last month following a dismal drop of 6.1% in March. The news reassured members of the House Appropriations Committee, who worry that federal sequestration cuts could have a negative impact on both Virginia’s economy and the state's coffers.
Lawmakers in the region are divided over a measure to give more flexibility to the FAA while leaving strict spending requirements in place for other parts of the government.
Airport delays caused by the sequester may soon be a thing of the past. The legislation gives the FAA flexibility so air traffic controllers can get back to work.
Critics say those budget cuts only impact a small minority of the public, like business people and lawmakers themselves, while other parts of sequestration are hitting more vulnerable populations, like low income school children.