It’s pretty “rich” (pun intended) and not at all surprising that the Jeff Bezos owned, self-proclaimed free market advocates at the WaPo editorial board don’t like the Wealth Proceeds Tax. 1/
@ericawilli.bsky.social
Working for racial, gender, and economic justice thru fiscal policy @DCFPI. Posts are my own.
When we took office, NYC had a $12B deficit. Today it’s zero. And we didn’t close that gap on the backs of working people. We closed it while funding parks, libraries, safer streets, & public housing. Call it Pothole Politics or Democratic Socialism: We are government that delivers for the people.
Today’s budget proposal defies logic. Tearing down the pay equity fund, slashing our sustainably funded paid leave program, suppressing public employee pay, among other damaging cuts, all work against economic growth.
DC Fiscal Policy Institute@dcfpi.bsky.social · 6mo agoToday, the mayor presented her proposed #FY27 budget. DCFPI Executive Director, Erica Williams, shared: "As-is, the mayor’s proposed budget will harm vulnerable residents and exacerbate racial inequities while squandering DC’s limited resources on corporate giveaways."
What actually makes the economy strong & inclusive is investing in the workers who power the economy. The mayor's proposed budget gives workers the short end of the stick inc. cutting paid leave for medical needs and slashing Pay Equity Fund for childcare workers.
Mayor Muriel Bowser@mayorbowser.dc.gov · 6mo agoLet's set DC up for growth by: 1. Making it easier & less expensive to do business 2. More predictable to do business 3. Keeping & expanding DC employers 4. Redeveloping fed buildings 5. Investing in Downtown & diversifying economy 6. Continuing to develop great neighborhoods
Because of a long history of systemic racism, Black and Latino DC residents have worse outcomes by every employment measure — for ex. white DC workers’ median hourly wage in 2024 was almost 2x that of Black and Latino workers (1/4)
This. Any lawmaker telling advocates it's a "tight budget season" while advancing a "recoupling" effort that would simultaneously hurt our budget and set an incredibly dangerous precedent of bowing at the feet of illegal federal interference should think twice about this approach.
Martin Austermuhle@maustermuhle.bsky.social · 7mo agoThere's rumors that some D.C. lawmakers may want to try and recouple, effectively ending this dispute altogether. "That would be very unpopular with residents who are tired of seeing government officials acquiesce to federal bullying," says @chmnmendelson.bsky.social.
🚨 Urgent action alert! 🚨 Congress wants to undo local legislation and cost DC $700 million in local revenue, and overturn our efforts to cut child poverty. Call these Senators and tell them to VOTE NO ON S.J.RES.102. Check out the last slide for a script you can use!
Congress is meddling into DC affairs yet again. They now want to overturn a local law that would drain *local* revenue by $700m AND spike child poverty by eliminating expansions in our DC EITC & CTC. DC residents & state/national partners--please make the calls below!
DC Fiscal Policy Institute@dcfpi.bsky.social · 9mo ago🚨 Urgent action alert! 🚨 Congress wants to undo local legislation and cost DC $700 million in local revenue, and overturn our efforts to cut child poverty. Call these Senators and tell them to VOTE NO ON S.J.RES.102. Check out the last slide for a script you can use!
That Black unemployment rates are so high is frustrating. That so many Black women have been unemployed for so long is maddening. Watching these trends worsen in the data as well as in my friendship circles is devastating. I spoke with @19thnews.org about the impact. 19thnews.org/2026/01/blac...
Black women's unemployment has skyrocketed. Here’s what happened.
The rate is now equivalent to White women’s during the bleakest moments of the Great Recession.
19thnews.org
“Consider, for example, the cavern of the capital gains tax treatment at death for those with enormous estates…” he says calling the stepped-up-basis a loophole for the mega rich 👀 On this, I agree with Mitt Romney. #taxjustice
More Perfect Union@moreperfectunion.bsky.social · 10mo agoMitt Romney is in the New York Times saying we should tax the rich.
www.cbpp.org/press/statem... Congressional Republicans and President Trump Fail to Address Affordability; Health Care Costs Set to Spike for Millions
Congressional Republicans and President Trump Fail to Address Affordability; Health Care Costs Set to Spike for Millions
Instead of supporting this common-sense and urgently needed legislation, Senate Republicans put forward a partisan proposal from Senators Cassidy and Crapo that fails to extend the PTC enhancements an...
cbpp.org
“that there is so low a political price for the president’s racism that he and those around him see little risk in its expression—well, that does say something about America, and Americans. Immigration isn’t breaking our society. That’s a job Americans can do on their own.”
The Atlantic@theatlantic.com · 10mo agoTrump calling Somali immigrants “garbage” shows that he sees little risk in open expressions of racism, @adamserwer.bsky.social argues.
Five corporations control 90% of the US media market. Airlines merged from 12 major carriers in 1980 to 4 today. Four giants control 80% of meat processing. A handful of companies control the pharmaceutical industry. The evidence of corporate concentration is everywhere.
Truly astounded by @mayorbowser.bsky.social. The social safety net is designed to meet basic human needs in a city with extreme racial and economic inequity, not attract residents or tourists. 🧵https://www.washingtonian.com/2025/07/08/interview-dc-mayor-muriel-bowser-her-blm-plaza-decision/
DCFPI joined other anti-poverty organizations to raise the alarm: The proposed budget will set back DC’s progress towards alleviating poverty and hurt our ability to support residents in the future. 🧵
DC Fiscal Policy Institute@dcfpi.bsky.social · last yr.Leaders from 20 local anti-poverty organizations, including DCFPI, sent a letter to Council to raise alarm about the proposed DC budget and the long-lasting harm it will cause to the poorest residents. www.dcfpi.org/nonprofitlea...
17 million people will lose their health coverage. For tax cuts for the wealthiest. And that’s to say nothing of the ripple effects across communities and lots of local economies. Truly mind blowing.
Sarah Lueck@sarahl202.bsky.social · last yr.New Congressional Budget Office (CBO) numbers confirm what we already knew – the reconciliation bill is getting worse, not better. The Senate bill will cut health care more deeply than the House bill and leave more people uninsured. www.cbo.gov/publication/...
ICYMI: researchers out of UPenn and Yale say that the reconciliation bill's assault on health care through slashing of Medicaid and ACA coverage would cost 51,000 people their lives annually ldi.upenn.edu/our-work/res...
Potential Mortality Impact of the Reconciliation Bill
Colleagues from Penn LDI & Yale School of Public Health compiled research detailing the potential mortality impacts of the GOP’s Budget Reconciliation Bill
ldi.upenn.edu
"If football stadiums drove economic activity, Landover would be at least an above-average suburban destination for shopping and entertainment. Instead, the old Landover Mall site decays behind chain-link fencing roughly a mile from Northwest Stadium, the Commanders’ current home."
@ericawilli.bsky.social · last yr.Another economist eschewing the idea that stadiiums yoeld growth: www.washingtonpost.com/opinions/202...
This suggests that Republicans may add yet another deeply harmful health care cut to the Senate bill – a cut that would take health coverage away from even more people, shift massive, unaffordable costs to states, & could even lead some states to end their #Medicaid expansion.
Daniel Payne@danielpayne.bsky.social · last yr.Scoop: Senate Republicans are considering a new provision that would further cut Medicaid funding in the OBBB www.statnews.com/2025/06/23/g...
Another economist eschewing the idea that stadiiums yoeld growth: www.washingtonpost.com/opinions/202...
Opinion | The RFK megaproject promises just empty gloom. Let’s try this instead.
Rather than an expensive megaproject, D.C. should focus on an organic approach to city-building.
washingtonpost.com
While there are a few tiny improvements, overall take of Senate bill is its #Medicaid cuts are harsher than the House bill’s draconian cuts driven by new restrictions of existing provider tax cuts in expansion states and elimination of eligibility for lawfully present immigrants like refugees (19/x)
Thread: Senate Republicans released initial bill language for their #Medicaid cuts. I am reading the bill now and will highlight key changes from House-passed bill. Topline is provider tax restrictions are worse, will devastate expansion state finances (1/x) www.finance.senate.gov/imo/media/do...
finance.senate.gov
New details on federal SNAP cuts: the Senate has released its own cruel proposal for massively cutting food assistance for economically struggling Americans to give tax cuts to the wealthiest, incl in DC🧵
Today, the US House is voting to strip away DC's sanctuary law. The vote violates DC residents' right to self-governance and since we don't have Congressional voting representation, we need folks outside of DC to stop them.
A Business Activity Tax (BAT) is a simple reform that would make our tax system more equitable by ensuring that businesses operating within DC pay their fair share. We estimate that a 2 percent BAT rate could generate approximately $500 million a year. Read more: loom.ly/zSd-OPA from @itep.org
D.C.’s Budget Crisis Demands Fairer Business Tax System
As the Washington, D.C. region heads toward a likely recession, local policymakers will need to look to new revenue sources to help lessen the pain. In D.C., lawmakers ought to adopt a simple reform t...
loom.ly
You don’t want to miss this week’s podcast episode. 👀🔥 Catch The Ward 5 Wave wherever you listen to podcasts or head to ward5.us/podcast 🎙️ Thank you to Kimberly Perry (DC Action) and Erica Williams (@dcfpi.bsky.social) for joining the conversation!
If this is even remotely accurate, Elon Musk and Donald Trump have killed more people in several months than the Iraq war killed in a decade
