They say the tax increase can make a dent; it’s expected to fund 2,400 additional housing vouchers over the next year alone, a four-fold increase over recent years, according to an analysis by the liberal-leaning D.C. Fiscal Policy Institute.
The bill will address a distinct form of discrimination, Kate Coventry, senior policy analyst at DCFPI, testified Wednesday. “For example, if a woman is denied service at a restaurant because she appears homeless, not because of her gender,” she said.
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Earlier this year, the DC Fiscal Policy Institute released a report that recommends devoting cannabis tax revenue towards building community wealth for communities disproportionately harmed by the war on drugs.
According to a 2018 D.C. Fiscal Policy Institute report, racially-biased policies and practices in hiring, homeownership, and education have generated a significant wealth imbalance in the District.
In her testimony before the council in July 2020, Alyssa Noth, former policy analyst at DCFPI, & current director for intergovernmental affairs at DCPS, said expanding access to the GSA is a “small step small step toward a more equitable public school system.”
Wiith a minimum wage of $15.20 an hour, many Black DC residents can’t afford housing, as rent rates increase faster than working-class incomes, according to DCFPI.
Nikki will lead DCFPI’s work to ensure that public debate about DC’s economy is informed by the research and analysis of policy experts. She brings to her role more than a decade of experience in content creation and communications for social change.
Michael joined the team at DCFPI in August 2021 and will work with the policy team to advance our research in various issue areas such as education, income & poverty, and cannabis policy.
Tazra Mitchell, policy director at the DCFPI, pointed to the changes made to the EITC with this amendment as a significant achievement. “I don’t believe any other state in the nation has a tax credit that’s worth 100% of the federal EITC.”