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Home / Business Group Urges Virginia to Reject StimulusBusiness Group Urges Virginia to Reject Stimulus
Last Updated on Friday, 20 March 2009 11:34 Written by rslcpol Friday, 20 March 2009 11:34
From Hampton Roads:
A coalition of Republican lawmakers and business interests is urging Virginia to reject $130 million in federal stimulus money that would expand unemployment benefits.
The group says strings attached to the windfall ultimately would require Virginia businesses to pay higher taxes and undercut their ability to create jobs.
House Speaker Bill Howell, R-Stafford County, assailed the stimulus program Thursday during a seminar held by the National Conference of State Legislatures in Washington.
“The federal money will only be there for two years, and after that businesses will be holding the bag,” he said in a phone interview after his presentation. “That’s just bad public policy.”