ITEP Testimony Bill 16-35 Proposed Income Tax Changes
reportITEP’s analysis of Bill 16-35 shows that it would impact the District’s tax system in two important ways. First, the bill would make the District’s tax system less unfair by reducing the income tax on low- and middle-income D.C. residents. Second, it would reduce the revenues available to fund public services by about $86 million if implemented in 2004. I will discuss each of these findings in turn.