Tommy Wells is planning to introduce tax raising measures, the Ward 6 Councilman said in a blog post on Greater Greater Washington.
Wells won’t likely be alone. Severl councilmembers have said they’re interested in raising taxes as well to help fix a $188 million budget gap. The big question seems to be not whether the council will increase taxes, but how. They’ll answer that question Tuesday when they vote on a budget-fixing proposal. Wells says he’ll introduce his proposal as an amendment to the budget fix on Tuesday.
Here’s Wells’ plan:
“This modest increase would be graduated: ¼ of 1% for incomes of $75,000 to $150,000, ½ of 1% for incomes of $150,000 to $500,000, and 1% for incomes over $500,000.”
