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Raising Revenue Is An Urgent and Practical Approach to Reducing the Harm of DC’s Recession
Summary by DC Fiscal Policy Institute
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Raising Revenue Is An Urgent and Practical Approach to Reducing the Harm of DC’s Recession
Lessons learned from past recessions underscore that DC lawmakers need a balanced approach to the recession that includes raising revenue to minimize budget cuts at a time when need is growing. More public investment in residents’ wellbeing during an economic downturn can speed up recovery, by partially replacing lost income for unemployed residents, for example. Typically, federal assistance can be counted on to minimize harm to communities and…
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