On July 20, 2021 D.C. Policy Center Executive Director Yesim Sayin Taylor was quoted by the Washington Post:

Yesim Taylor of the D.C. Policy Center echoed Williams’s concerns, adding that raising taxes now could make it more difficult to do so again if necessary in 2025, when federal coronavirus aid dries up. D.C. officials have remained optimistic that the city can recover from significant dips in sales and real property tax collections during the pandemic. “We’re betting everything will go back to normal. We’re betting growth will continue — it may or may not,” Taylor said. “Good tax policy extracts the revenue it can without disrupting people’s decisions. Advocates say rich people won’t move out, it won’t interrupt anything, but we just don’t know.”

Read more: D.C. Council votes to raise taxes on the rich | Washington Post

Related: What is happening to the District’s personal income tax base? | D.C. Policy Center

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