TOPSHOT-US-WEATHER-WINTER STORM Despite the fact that the District of Columbia received $2.5 billion in federal coronavirus relief funds, the majority of the city council advanced on Tuesday the Homes and Hearts Amendment Act, which would increase the marginal tax rate for residents who earn $250,000 or more.
The plan would redistribute the wealth of successful D.C. residents to increase the salaries of child care workers, pay for housing the homeless, and provide a “basic monthly income,” to those making less than $57,414 a year.
Initial approval of the amendment was reached with an 8-5 vote and will now be part of the budget package ahead of final votes.
WTOP reported on the development, which businesses oppose and some predict will lead to more people fleeing the nation’s capital in the wake of a destructive coronavirus lockdown and an ongoing crime wave that just recently included the shooting death of a 6-year-old girl: […]
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