Join us in the fight for tax justice in DC!
This budget season the Council took a big step towards tax equity by voting to raise taxes on DC’s wealthiest residents. With this new revenue our city will make truly transformative investments towards racial equity.
The modest tax increase on DC’s highest income residents is expected to raise $161 million in the first full year of implementation, growing to over $170 million by FY 2025. The revenue raised by the tax increase will fund:
Affordable housing for 2,500 households
Equitable pay for early childhood educators
Expansion of the Earned Income Tax Credit (EITC), making it the strongest in the nation
These investments will work to correct DC’s highly racialized wealth disparities by overwhelmingly benefitting Black and brown people with low incomes. In DC, 86 percent of homeless individuals are Black, more than 70 percent of DC’s early childhood educators are women of color, and almost 70 percent of DC families eligible for the federal EITC are Black. The Just Recovery DC Campaign applauds these investments as necessary steps towards racial equity and tax justice.
But the work for tax justice isn’t over!
Despite this historic win towards making DC’s income taxes more progressive, we are still a long way from achieving a truly progressive tax system in the District. The wealth gap in our city is staggering: the average Black household in DC has under $4,000 in net assets—essentially no cushion to weather a crisis, like a pandemic—while the average wealth of white households in DC is 81 times that. We need continued engagement from supporters like you to create more progressive taxes across several other local tax sources like estate taxes, property taxes, and corporate taxes.
Will you sign up today so that you can stay in the fight for tax justice?
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