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News
Independent analysis lowers projected revenue for DC this fiscal year
1+ week, 4+ day ago (284+ words) A new independent economic forecast from the Office of the D.C. Auditor projects the District will collect less revenue this year than previously expected, citing weaker employment growth, declining commercial real estate values, potential Congressional actions and broader economic uncertainty. The…...
DC Council Punts Wealth Tax Debate to the Fall
2+ mon, 1+ week ago (815+ words) The DC Council plans to consider a wealth proceeds tax in September, rather than this summer. by Kennith RaShaun Woods II The fight for a wealth proceeds tax in Washington, DC lives on, at least for now. Instead of floating…...
DC Council passes budget amid CFO dispute, funds open primaries
2+ mon, 2+ week ago (724+ words) TRAFFIC ALERT: US Route 50 blocked between Interstate 495 (#7) and Maryland Route 704 (#8), expect delays LISTEN LIVE: For team coverage, live results and analysis of the Maryland primary, stay with WTOP during your commute and throughout the night June 23, 2026, 6:44 PM The D.C. Council has…...
Washington State’s Income Tax For Millionaires Signed Into Law
5+ mon, 2+ week ago (360+ words) The state of Washington is set to enact a law that will tax income over $1 million, marking a major break from its history of not having income tax and becoming the latest state to implement a so-called millionaires tax. The…...
Entrepreneurs continue exodus as Washington state’s new income tax looms
3+ mon, 4+ week ago (769+ words) (The Center Square) - “Everybody is Washington AI startup entrepreneur Jesse Proudman said in a Thursday interview with The Center Square that he's had enough, and he's not alone. The Venice.ai founder and CTO said he’s looking at potentially Texas,…...
Washington business owners fear socialist ‘millionaires tax’ is driving businesses out — and they’re next
5+ mon, 1+ week ago (1607+ words) Washington shop owners, talk show radio host Arri Hoffman and a local democratic socialist, Rep. Shaun Scott, discuss the impact of the state’s new "millionaires tax" and how socialist economic policy is impacting local business. SEATTLE—Business owners in Washington…...
WA Supreme Court to consider Let's Go Washington lawsuit challenging 'millionaires tax"
5+ mon, 1+ week ago (680+ words) Washington’s Supreme Court has agreed to weigh in on the constitutionality of a portion of the recently passed income tax on high earners, also known as the “millionaires tax.” The law includes a clause that prevents it from being repealed…...
Lawsuit argues Washington’s new 9.9% millionaires tax violates state constitution
5+ mon, 2+ day ago (279+ words) OLYMPIA, Wash. — The so-called "millionaires tax" is being challenged from several avenues now that it’s signed into law. The law is a 9.9% personal income tax on anyone or household earning more than a million dollars annually, with the first million…...
Washington Mayor Muriel Bowser unveils her last budget, proposing to cut spending
5+ mon, 3+ day ago (66+ words) The Washington Post WASHINGTON — Washington Mayor Muriel Bowser on Friday unveiled her last budget before she steps down later this year, a $21.2 billion gross operating spending plan that is sure to spark battles on the District Council and Capitol Hill,…...
Mayor’s budget seeks to grow DC, but includes $469M in cuts
5+ mon, 3+ day ago (494+ words) April 10, 2026, 6:32 PM In her 12th and final budget, D.C. Mayor Muriel Bowser’s $21.2 billion budget proposal seeks to grow the District’s economy, despite rising costs and flat revenue forecasts. Bowser presented her proposal to the D.C. Council in a presentation at the…...