Virginia’s strong fiscal position, marked by budget surpluses and taxpayer rebates, has prompted renewed attention on who is contributing—or not contributing—to the state’s revenue base. One opinion letter urges policymakers to treat credit unions more like banks when it comes to taxation, arguing that this so-called “loophole” should be addressed.

A recent study indicates that billionaires in the United States may be paying a lower tax rate than most other citizens, pointing to a shift in how top earners contribute. Multiple outlets, including CBS News and The Atlantic, have raised questions about whether recent policy changes favored the ultra-wealthy.

Illinois Governor JB Pritzker is poised to sign the state’s ambitious $55.2 billion budget into law today, setting the financial course for 2026. The budget addresses key areas that will impact residents across the state.