Tomorrow at 4:00 p.m., the Senate Privileges and Elections Committee will consider a proposed constitutional amendment to limit government growth and taxation. HJ 594 is a taxpayer bill of rights that limits the amount of money the state government can spend in a year to the preceding year's total, plus no more than a percentage increase based on the rate of inflation and population growth. Patroned by Delegate Manoli Loupassi (R-68, Richmond), the resolution cleared the House earlier this session, and is a vital measure to limit the size of government. Although the Virginia Constitution requires a balanced budget, it does not prescribe certain methods that the General Assembly may use to achieve it. Politicians in years past, as well as this year, have pushed hard for big tax increases to cover their even bigger spending ideas. The annual transportation debate is a perfect example. A constitutional cap on how much of our money they can spend will force them, finally, to prioritize their spending decisions each year instead of going to the well of Virginia families' hard-earned money.
When general fund revenue rises 19 percent, as it did in January, and we are running annual surpluses, there should not be a need to raise taxes for core functions of government. Governments rarely have revenue problems. They have spending problems. If they can’t draw the line on what's too much, we taxpayers, their bosses, will do it for them.