Virginia Governor Bob McDonnell (R) to Sign Bipartisan Transportation Spending and Tax Bill

by Colonel on February 24, 2013

“Virginia Gov. Bob McDonnell (R) got his prize — a historic transportation bill.

He wrung from Democrats the right to move $200 million of general fund money. Together with new taxing authority from the most congested parts of the state (Hampton Roads and Northern Virginia), plus federal online sales tax money and an extra 0.3 percent on sales tax McDonnell assures a  funding mechanism substantial enough to meet the state’s increased transportation needs. The measure also eliminates the retail gas tax.

” – Jennifer Rubin, Copyright 2013 The Washington Post Company

“The new law, which cleared the state Senate Saturday and now awaits McDonnell’s signature, cuts the state gas tax, implements new levies on wholesale gasoline and diesel sales and hikes the sales tax in order to steer hundreds of millions of dollars to state and local transportation projects – nearly $1 billion a year after the law is fully implemented.

It also relies on passage of bills in Congress that would deliver Virginia millions in now-uncollected Internet tax revenues, but includes fallback bump in the wholesale gas tax should Washington fail to deliver.

McDonnell didn’t get everything he wanted: namely, his ambitious goal to make Virginia the first state to kill its state gas tax. But he was able to create bipartisan support in both chambers of the legislature.

” — Alexander Burns and Burgess Everett, Copyright 2013 Politico LLC

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