DC Fiscal Policy Institute: Raising Revenue Is An Urgent and Practical Approach to Reducing the Harm of DC’s Recession
ITEP Work in ActionIf Congress extends the 2017 tax cuts as planned, by itself this would yield the top 5 percent of households in DC an average annual tax cut of up to $36,000, depending on how much the cap on deductions for state and local taxes (SALT) is loosened or if it is eliminated altogether (according to unpublished data analysis by the Institute on Taxation and Economic Policy for DCFPI).