Understanding Taxes that Can Raise Revenues to Help Offset Growing Wealth Inequality in the District of Columbia

Kim Rueben, Sol Price Fellow and Director of the State and Local Finance Initiative at the Urban-Brookings Tax Policy Center, testified before the Council of the District of Columbia’s Committee on Business and Economic Development. The hearing included a discussion on the “Child Wealth Building Act of 2021” (B24-236) and tax policy proposals to build wealth equity in the District’s covid-19 economic recovery plans. In her testimony, Kim Rueben provided an overview of the D.C. tax system and evidence-based revenue building strategies that can offset the growing wealth inequity in the region.