Council Must Make Changes to FY24 Budget Proposal to Support an Inclusive Economy
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Roughly 1,500 DC households based on the number of tax filers in 2019 have net worth over $30 million, and these same tax units hold nearly half (46 percent) of all wealth in the District.
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DCFPI fully supports this legislation to disregard monthly payments of the DC Earned Income Tax Credit (EITC) as income when determining eligibility for other public benefits. We urge the Committee to also consider some modifications to this legislation and […]
My testimony today will focus on three recommendations, two for ensuring the District’s recovery is inclusive of undocumented and otherwise excluded workers and one for ensuring equitable and sensible tax policy.
Last year, DC lawmakers expanded the credit to make it the most generous in the nation, but it is not the most inclusive. Currently, it excludes roughly more than 5,000 low-paid working households because they have at least one person who is undocumented.
My testimony today will focus on three recommendations, two for ensuring the District’s recovery is inclusive of undocumented and otherwise excluded workers and one for ensuring equitable and sensible tax policy.