Tax Cuts for Mansions: A Recipe for Wider Inequity in DC
A property tax cut for wealthy homeowners would amplify DC’s racial and economic inequities.
A property tax cut for wealthy homeowners would amplify DC’s racial and economic inequities.
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Every year the Mayor holds budget engagement forums to hear from residents about their priorities. This is an opportunity to gather with other residents and make your voice heard about what kind of community you want DC to be.
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Mansion taxes can improve the fairness of DC’s tax system and help fund our biggest priorities, such as affordable housing, schools, health care, roads, and other services and infrastructure that drive economic growth.
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Using a portion of DC’s reserves, instead of immediately putting it into savings, could help ensure that lost tax revenue due to the shutdown doesn’t force cuts in services like schools or health care.
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DCFPI’s FY 2020 budget recommendations reflect effective ways to use DC’s resources to address our city’s challenges and create a promising future for all DC residents.