Tax Wealth

Raise the tax rate on capital gains—profit from selling assets like stocks—that overwhelmingly flow to the top 1 percent.

End special treatment of capital gains by repealing the “stepped-up basis,” which allows wealthy people to pass on assets to their heirs tax-free. 

Tax more inherited wealth by lowering the amount exempted from the DC estate tax from $4.25 million to $3 million.

Tax land in addition to the property on the land. Property on the most valuable land in DC, whether residential or commercial, is largely owned by affluent, white people.

Make Business Taxes Fair

Restructure DC’s business taxes by enacting a Business Activity Tax so that corporations operating in the District and benefitting from our economy and services, but currently not paying taxes to DC, contribute to our shared resources.

Reject cuts to commercial property tax proposed by the Tax Revision Commission, which would cost the District millions of dollars annually without helping small businesses afford rent or filling empty office buildings.

Exempt small businesses from filing the personal property tax returns on business equipment.