Reply to What happens to DC specific tax laws if the Trump admin takes over?

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Reply to "What happens to DC specific tax laws if the Trump admin takes over?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No federal income tax! Watch the real estate prices go crazy! [/quote]

Why would any R members of Congress vote to eliminate taxes in a city that voted 92 percent for Harris? Not only is this terrible policy (in part because it would guarantee huge rent increases and drive home prices way up), it’s also bad politics. Not happening. [/quote]

How long do you think it would remain that way? The Republicans cou,d point to DC and say look what happens when you remove Income tax.

As for bad policy please you think they care? [/quote]

I just don’t think there’s any political incentive for Republican lawmakers to vote to give all of us massive tax cuts. Washington is the enemy.[/quote]

The incentive is that their rich pals could snap up homes and not pay taxes. While probably pushing current residents out.  [/quote]

This.  They’ll figure out how to capitalize.  DC has value, it can’t be just throw away.  There is a lot of new construction, tons of empty offices on a well developed pleasant urban grid of medium density and with a decent public transit (which needs cleaning up).  `It’s centrally located and has a mild seasonal weather.  And cannot be entirely rundown because this doesn’t look good for MAGA projecting the image of a powerful nation.

Tech billionaires might take interest in DC and create another tech hub using cheap empty buildings and fairly reasonably priced RE for their workers compared to other tech hubs like SV, NYC, and increasingly more expensive Austin, which is now the same price as DC.  Talent doesn’t like to live in rural land or satellite cities, they gravitate towards certain amenities, which this area has plenty of.  Throwing it away would mean to throw away all the money that went into developing this over last several decades.   Right now most of DC problems are from lack of people and soft-on-crime policies. 
[/quote]

First of all, Metro is in great shape and recovering nicely from COViD.
second, DC is in great shape fiscally and still has an AAA+ bond rating, something most states don't have.
Third, there are 700,000 people living in the city, there isn't a lack of people.

Is the Council a little too progressive? Maybe, but that is what the people who live here and pay taxes here voted for.[/quote]

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