Lawmakers are considering several new tax proposals as the District looks for additional revenue to help pay for city programs and services.
Among the ideas being discussed are a new tax on certain high-end homes that are not someone’s primary residence, a higher tax on investment income for some high-income residents and an increase in the sales tax.
The proposals come as the District’s economy faces continued pressure.
D.C.’s unemployment rate was 5.7% in August, according to the Department of Employment Services.
The District is also dealing with ongoing budget pressures involving education, health care and other city services.
Click here to read the rest of the article written by John Gonzalez over at WJLA ABC 7
