In 2000, the Jump$tart Coalition for Personal Financial Literacy began promoting April as Financial Literacy Month. In 2003, April was declared as Financial Literacy Month for the first time by the U.S. Senate and Financial Literacy Day on the Hill was founded. The goal of Financial Literacy Month is to highlight the importance of financial literacy as an essential life skill.
Virginia business executives hope the recently enacted federal tax reforms will spark a surge in economic activity and higher profits. Called the nation’s biggest reform in the U.S. federal tax code since 1986, the Tax Cuts and Jobs Act passed by the Congress and signed by President Trump in December will change the way American companies and individuals are taxed on this year’s income. Here, VBA President & CEO Bruce Whitehurst discusses how the reform will affect the banking business. (Virginia Business)