D.C. Council eyes another tech tax break

The D.C. Council is set to take up a bill Tuesday that would give a tax break to those who sell their investments in local tech companies at a profit, a move that the District’s top financial adviser says could hurt the city’s finances.

“It’s terrible public policy,” said Ed Lazere, executive director of the DC Fiscal Policy Institute. “This is not about ‘angel investors,’ this is about letting some very wealthy people who are about to make a lot of money pay a lot lower tax rate than you or I.”