“We have federal money to allow for some childhood stabilization grants, but we’ve not made investments in raising childcare worker wages,” says Erica Williams, the executive director of the D.C. Fiscal Policy Institute.
We’re in the final stretch of the DC budget process, when the DC Council will have the opportunity to make large strides towards an anti-racist, equitable recovery. Councilmembers are weighing choices that have the potential to usher in bold, transformative […]
Last month, the DC Fiscal Policy Institute and DC Action commissioned a poll that found that 80% of District voters support asking residents making above $250,000 a year to pay more in taxes to fund greater investments in child care and housing.
The highest income residents in DC pay less as a share of their income than the rest of us. At the same time, low-income Black and brown DC residents have been economically devastated by the pandemic.
Some opponents to raising taxes on DC’s wealthiest residents or profitable businesses claim that it could cause those residents or businesses to move to neighboring states. However, these claims don’t stand up to empirical scrutiny.
Eighty percent of DC voters support raising taxes on incomes above $250,000 a year to support the District’s long-term economic recovery, a new poll from the DC Fiscal Policy Institute and DC Action shows.
A large majority of D.C. voters support raising taxes on big corporations and higher-income residents to help bankroll the city’s recovery and other goals. That’s according to the results of a new poll sponsored by DCFPI and DC Action.
According to a D.C. Fiscal Policy Institute poll, 78 percent and 72 percent of District voters support raising taxes on residents earning taxable income of $350,000 or more and $250,000 or more, respectively.
DCFPI supports highly progressive taxation aimed at high-income residents and high-wealth residents. Expanded wealth taxes are an add-on to more progressive personal and corporate income taxes and other progressive taxes, not a substitute. The funding […]
Lawmakers must use this pivotal moment to reform DC’s tax code and advance racial equity. To create a strong and just recovery and better future, these reforms must include higher income taxes on the wealthiest residents.
