Congress blocks DC tax decoupling, risking $600 million in revenue
TL;DR Summary
The House voted to block Washington, D.C., from decoupling its local tax code from President Trump’s federal tax cuts, a move city officials say would cost hundreds of millions in revenue and require a months-long suspension of the local tax filing season; if approved by the Senate, the disruption could extend to the city’s tax system.
- House rejects D.C. tax changes, potentially costing the city $600M in revenue The Washington Post
- House passes measure to force DC’s hand on tax cuts Politico
- House approves bill to prevent DC from opting out of Trump tax cuts WTOP
- House GOP moves to block DC from stopping Trump tax cuts for tipped, overtime workers Fox News
- Republican bill targeting D.C. could create tax season chaos The 51st
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