Wednesday, January 31, 2007

DC Surplus Should Mean Tax Cuts

Today's Washington Post notes that the District achieved a $325 million surplus in 2006, pushing the District's total surplus to $1.4 billion. Not that folks at the Post care but let me do a little translating for them. A $1.4 billion surplus means $1.4 billion in EXCESS tax payer dollars. Money that tax payers gave the District government, but for which they got nothing in return.

It's fine if the District wants to keep a "rainy day" fund (translation future spending splurge fund) but it borders on criminal that no one in District government is making the case that some of this money should be returned to DC taxpayers.