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Coalition and policy groups press Council to adopt business activity tax, expand child credit and tax capital gains
Summary
Multiple advocacy groups and policy organizations told the council’s oversight hearing they support a package of tax reforms — including a business activity tax, stronger child tax credit and higher rates on capital gains and top incomes — to raise revenue and reduce racial wealth disparities.
Advocates from the District’s fiscal-policy and community organizations used the Committee on Business and Economic Development’s oversight hearing to press the council to pursue a package of tax reforms they say will raise local revenue and address racial inequities.
Elizabeth McNickle, co-chair of the Poor People’s Campaign in Washington, D.C., told the committee the city has “the resources” to reduce poverty but needs political will to direct revenue toward anti-poverty programs.
The nut graf: Speakers from multiple organizations said that the city should both look for budget efficiencies and pursue revenue changes — including taxing…
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