Reply to Real talk about the city’s economy, federal buildings leases, and telework impacts

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The D.C. Fiscal Policy institute estimates that if D.C. were a state, it would have a net gain of $1 billion (it would be able to tax commuters, among other revenue changes, which would more than offset the additional costs of operating state services the feds currently pay for): https://www.dcfpi.org/all/the-high-cost-of-denying-statehood-to-the-district-of-columbia/[/quote]
DCGPI also said DC could afford to expand entitlements funded by a national leading income tax increase. So they don’t have a lot of credibility. [/quote]

We probably could afford to expand entitlements if we increased income taxes. The fact that you don’t want income taxes raised doesn’t mean the financial analysis behind the idea lacks credibility. [/quote]
DC has the 4th highest state income tax rate in the country, which is remarkable when you consider the other four states are: CA, HI, NY & NJ. There are no internet or finance billionaires in the city. Not even an industry that creates equivalent levels of wealth. And to make matters worse, DC has jurisdictional competition from much wealthier neighbors that doesn’t exist for those other states. [/quote]

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