On November 2nd, there will be three proposed constitutional amendments on the ballot for you to consider. Last week I profiled #1; today I will give you some background on the second one. In the coming days I will address the final amendment that will be before you on Election Day.
Amendment #2 deals with the taxation of 100% disabled Veterans. If this amendment is approved by the voters of Virginia, it would require localities to exempt the principal residence from real estate taxes. The veteran would have to be totally and permanently disabled from service-connected activities. The exemption would continue for the veteran's surviving spouse as long as the spouse lives in the same home and does not re-marry.
Cap and Trade
For over a year now we have been hearing the term 'Cap and Trade'. Congressman Perriello voted for it. The question that many have asked me is this: "What does the bill do and how will it affect me and my family." The term "cap" means that companies will be capped as to how many pollutants they can emit. Once they reach that point they will have to buy the right to greater pollute. Sounds good so far. The problem is that without real alternatives to pollution free energy this will simply drive up the cost to the end user. Therefore if your electric company has to pay these penalties, they will be forced to raise your monthly electric bill. The estimate is that bills will increase an average of $100 per month or more. If Congress is successful in this effort, you can bet they will turn around and blame the power companies for the increased rates! We all want a clean environment. If, however, we force industries and jobs overseas, where will our citizens work to pay these higher bills?
As always, thank you for your continued support. Please don't forget that next week we have a very important election and EVERY VOTE COUNTS.
15th Senate District