High rates of taxation hurt growth, innovation, and investment. This is true for individuals, and the businesses we need to create good paying jobs.
Real Estate and Property Taxes
Prince William County residents currently pay the highest real estate tax rate of any county in Northern Virginia.
This is unacceptable.
While our average property and home values are lower than our neighbors in Fairfax and Loudoun County, that should not be used as an excuse to tax our hard-working homeowners at a higher rate.
To provide our homeowners with much needed tax relief, we must work to diversify and grow our tax base by implementing business friendly polices that encourage more commercial development in the county.
Along with cutting burdensome red tape and streamlining the permit process, one of the major ways we can encourage new business development and investment in the county is by gradually phasing out and eliminating the Business, Professional and Occupational License (BPOL) tax on small businesses.
The BPOL tax applies to ALL receipts received by a business, even before their operating expenses are deducted.
The county has made progress by occasionally raising the threshold of the tax, but it still serves as a major impediment to new business investment in the county, as well as the ability of our current businesses to grow and create more jobs.
At the very least, we should restructure the tax so that it only taxes businesses on their income after expenses.
Two-thirds of county residents drive to locations outside the county for work. Let’s create economic opportunity here and reduce work commutes by making Prince William a much more desirable location for small businesses.
Supply side economics works for America, and it will work for Prince William County.
History shows that when you lower taxes on businesses and individuals, that government actually ends up receiving more back in revenue because taxpayers will reinvest that money according to their best interests. When taxpayers are able to keep and reinvest more of their money in their best interest, it grows. I am a firm believer that you know how to spend your own money better than government.
I look forward to restoring trust and power back to the people, and allowing you to keep more of your hard earned money.