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By Nicholas M. Horrock
Rappahannock News Staff Writer
RICHMOND - As an historic confrontation looms in this capital over tax increases, one compromise legislators may grasp is the “revenue neutral” plan of Delegate Allen Louderback, a sharp-eyed former investigator with the U.S. General Accounting Office, who represents Rappahannock County.
After nearly a month, the General Assembly is faced with three main proposals to reform Virginia’s tax code— a code not seriously revised since before World War I:
• Democratic Gov. Mark Warner’s plan calls for increased sales and cigarette taxes as well as an income tax hike for people earning over $100,000. He wants to raise $1 billion of his $59 billion budget plan.
• Sen. John H. Chichester, RStafford, chairman of the powerful Senate Finance Committee wants to raise $2.5 billion through even more radical tax hikes.
• Louderback wants to reduce the sales tax to four cents; exempt $15,000 for every taxpayer, $30,000 for married couples and pay for it by extending the sales tax to the service industry. * At the same time, Republican House Speaker William J. Howell, RStafford, claims Virginia cam run the government without new taxes, by finding cuts in current programs and artfully taping federal programs. He has eased his stand recently saying he
See TAX, Page A5
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