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.
DCFPI staff have delivered testimony at eleven budget hearings since the Mayor proposed her budget on May 27th. In these testimonies, we reminded lawmakers of the unprecedented opportunity to leverage American Rescue Plan dollars and raise local revenue for […]
The budget can provide relief for the thousands of residents facing eviction and experiencing homelessness, students who have fallen behind, workers left out of relief measures, residents struggling with food insecurity, and child care facilities at risk of […]
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.
Washington, D.C.’s wealthiest residents pay a lower share of their earnings in D.C. taxes than its middle-income residents, a recent report published by the D.C. Fiscal Policy Institute found.
DCFPI is concerned that the affordability level set in the law and enforced through the regulations is not sufficiently affordable to justify the use of District dollars.
The richest 1 percent of DC residents pay less in DC taxes as a share of their income than middle-income residents, according to new findings from a leading tax research organization, and the richest 20 percent pay less than the bottom 80 percent of residents […]
Well-off Washingtonians could be hit with a tax hike under a proposal in the works that aims to shore up the District’s pandemic-plagued coffers.