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.
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.
posted by ChrisBarronDC at 3:01 PM
2 Comments:
I was thinking the same thing when I read that news. DC should reduce the income tax rate, which is obscene, and lower the property tax rate. Property taxes should only rise with inflation and should re-index to a lower rate when the assessments soar.
I'm normally all for tax cuts...but I'd also support using all that money to offer buyouts and early retirement to as many non-essential public employees as possible, so long as most of their positions weren't re-filled.
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