On August 13, 2021, the D.C. Policy Center’s article, What is happening to the District’s personal income tax base?, was cited by Law360:
The D.C. Policy Center is among the most influential think tanks in the nation’s capital. The center conducts excellent research and analysis on a wide variety of public policy issues. Last month it published a brief report, “What Is Happening to the District’s Personal Income Tax Base?” There is plenty of good stuff in the report, including a plea for the city’s leaders to adhere to some principles when it comes to tax policy: “Good tax policy raises as much money as possible with as little disruption to economic activity as possible, regardless of what the revenue pays for and how politically salable it is.”
Amen. The most interesting finding of the report is that since the beginning of the pandemic, people have been moving out of the city. About 16,000 people moved to the suburbs. This is not surprising; people have abandoned many big cities since March 2020. But think about how many are going to move when the District Council jacks up personal income taxes.