D.C. business leaders call on lawmakers to keep $100 million tax cut plan

Tuesday, 16 May 2017, 05:55:07 AM. D.C. business leaders called on city lawmakers Monday to cut $100 million in taxes as scheduled in January and not delay the cuts to pay for housing and education.
D.C. business leaders called on city lawmakers Monday to cut $100 million in taxes as scheduled in January and not delay the cuts to pay for housing and education. “Believe me, I more than anyone know investments in housing and education are important,” Anthony Williams, CEO of the Federal City Council, said at a joint press conference with the D.C. Chamber of Commerce. “But it’s also important to know that the spending on these programs comes from a robust, vibrant economy.” Mr. Williams, a former D.C. mayor and chief financial officer, noted that city businesses will be hit with a higher minimum wage and paid family leave in the next few years. Tax cuts, he said, will lessen the financial burden — especially on restaurants, which often operate on razor-thin profit margins, even in good times. The Federal City Council, a nonprofit focused on improving the District, and the D.C. Chamber of Commerce, which lobbies for thousands of city businesses, sent a letter Monday to the D.C. Council calling on it to “do its part now and follow through on its commitment to fully implement the tax reform that began in 2014.” The letter was signed by 200 business owners. Chamber President Vincent Orange, a former council member, noted that the 2014 tax reform package was negotiated as a compromise between businesses and liberal advocacy groups, and he stressed that the deal should be honored. “We’re here to hold the D.C. Council accountable,” Mr. Orange said at Monday’s press conference....Read more
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