Mendelson Disturbed by Mayor’s Proposal to Delay Broad-based Tax Relief
“I was disturbed to learn today that the Mayor opposes the implementation of broad-based tax relief as adopted by the Council,” Mendelson stated. “Acting to implement tax relief expeditiously is an important component of the District’s affordability strategy. Changing course from this strategy would delay tax relief, hurting middle-class residents, or those on the road to the middle class, as well as businesses.”
“There is no reason to delay implementation of tax relief,” Mendelson continued, “unless the Mayor’s goal is to cancel the tax reform in order to unnecessarily increase spending on discretionary programs. The government should be steadfast in its commitment to providing relief to those residents and businesses that bolster the District’s continued growth.”
The tax relief approved in the Fiscal Year 2015 budget is a comprehensive package of tax reforms that place particular emphasis on benefitting low and moderate income earners. On average, the package provides an estimated $400 – $600 per resident in tax relief. The reforms also make the District more competitive for businesses. The Council has made implementation of this relief a priority. Implementation of the tax reform package as proposed does not impact the approved funding for agencies and programs in the upcoming fiscal year.