DC Can Raise $121 Million or More with a Simple Tax on Proceeds from Wealth
Applying a surcharge on proceeds generated from wealth is a simple way for DC to raise hundreds of millions of dollars to help struggling residents withstand the local recession and drastic federal and local safety net cuts.
DC Child Poverty Back to Extreme Level After Short-Lived Progress
Between 2023 and 2024, DC’s child poverty rate increased by 11.2 percentage points to reach 28.1 percent, the largest year-to-year increase in the past decade
Congress Must Allow DC to Spend Its Own Local Dollars
DC’s elected officials need to be able to manage its budget, including being able to spend its own revenues and ensure its tax code can support its budget.
25 Years In, DCFPI Has Built a Strong Foundation for the Road Ahead
We’re standing with community to build an economy that works for everyone, from the bottom up and the middle out, and to fight for DC’s full autonomy through statehood. Our dreams for a racially- and economically-just DC are not lost as long as we fight […]
DC Tax Credits for Households with Low Incomes Will Reduce Child Poverty by One-Fifth
The two credits are highly effective, proven tools for reducing child poverty with long-term benefits over children’s life cycle and for the economy broadly.
Part Two of Mayor Bowser’s “Growth” Agenda Ignores Moment of Crisis
At a time when many DC residents—particularly Black and brown residents and those with low incomes—are in crisis, Mayor Bowser continues to push forward disproven, ineffective trickle-down economic strategies that would further benefit the […]
DC Revenue Higher than Expected, But a Recession Still Looms
Although DC is not facing a budget shortfall as some expected, the CFO warns that the District is entering a moderate recession this year.
Federal Efforts to Reinstate Cash Bail in DC Disproportionately Harms Black Residents
Cash bail harms people with low incomes who are unable to pay for bail, and Black DC residents have lower incomes and higher poverty rates than other races due to historic and systemic racism.
Inequality Remained Extreme in 2024 as DC Backslid on Poverty
Income inequality and racial inequity persisted in 2024, according to new data from the Census Bureau’s American Community Survey (ACS), while the rate of poverty rose. DC once again tied with New York for the highest levels of income inequality in the […]
DCFPI Welcomes Three New Staff Members
This week, the DC Fiscal Policy Institute (DCFPI) welcomed three new staff members to our team. They bring a wide array of experience, perspectives, and skills and we are so excited to have them on board.
