State revenues up 7.6 percent in March

Contributors

Gov. Bob McDonnell announced today that March general fund revenue collections rose 7.6 percent. The year-over-year increase was driven in large part by growth in sales and corporate income tax receipts. March is typically not a significant month for revenue collections. On a year-to-date basis, total revenue collections have risen 5.3 percent, ahead of the…

Allen visits Luray on campaign stop

Contributors

George Allen led a town-hall-style meet-and-greet in the open air outside the entrance of Luray Caverns in Luray Saturday afternoon. His main topic of discussion revolved around how rising gasoline prices are adversely impacting the people of the Shenandoah Valley. “I am running for the Senate because I don’t like where things are going,” said…

Robert Hurt: Federal government overreach

Robert Hurt

During one of our district tours last year, a concerned constituent told me that federal government regulations are “taking the breath” away from small businesses and family farms in the Fifth District. And as I make visits with Central and Southside Virginians across our district, I am constantly reminded of those words as I see…

Obama speaks on payroll-tax cut

Contributors

Tuesday, Feb. 21 THE PRESIDENT:  Hello!  Good to see everybody. Please, have a seat.  Have a seat.  (Applause.)  Good morning.  I want to thank all of you for coming. I want to thank my outstanding Vice President, Joe Biden – (applause) – who is here today, and members of my administration for joining us.  But…

AAA: Crude oil reaches six-week high

Chris Graham

Prices at the pump surpassed the record annual average price established in 2011 ($3.51 gal) this week and have done so in record time. In 2008, the year that saw the all-time high price for regular self-service gasoline ($4.11 gal) the $3.50 per gallon mark wasn’t topped until April 21.  Last year, gasoline prices didn’t…

Warner: Voting against payroll-tax extension

Contributors

U.S. Senator Mark R. Warner (D-VA) announced today in a speech on the Senate floor that he will be voting against the payroll tax cut deal conference report. Transcript Mr. Warner: Mr. President, let me rise today to speak about the conference report that it appears we’ll be voting on tomorrow regarding the issues of…

AAA: Demand down, crude oil prices down, but prices continue upward tick

Chris Graham

The cost of gas continued to rise to unseasonably high levels this week, despite decreases in the price of crude oil. Reports show extremely weak gasoline demand, however refineries are responding to this decrease in demand by cutting back on production, resulting in some upward movement in prices at the pump. Gas prices climbed to…