Join the DC Guaranteed Income Coalition in moving the guaranteed income agenda in Washington, DC: Fight for a budget of abundance!
Terrific news! We did it! The District of Columbia is on an historic path to a guaranteed income for parents with young children. DC Council Chair Philip Mendelson has written into the FY 25 Budget Proposal an impactful Child Tax Credit for DC families with no work requirements and no strings attached. PolicyEngine estimates that it will cut child poverty by 12.5%. That is a guaranteed income with groundbreaking outcomes! The details are below.
Also included in the abundance platform of this DC Council are restored items that are critical to human needs of our DC neighbors. This includes essential dollars invested in the Child Wealth Building Act of 2021 and the Access to Justice Fund. There are others for which we are grateful! See more here!
Join us in thanking Chair Mendelson (pmendelson@
In Solidarity,
Melody
Melody Webb
Founder and Executive Director
Mother’s Outreach Network / DC Guaranteed Income Coalition
Proposed Child Tax Credit
What the Tax Credit proposal does:
- Provides $420 per child under 6, except $210 for married filing separately filers
- Phases out at $20 per $1,000 of AGI above the threshold (2%)
- Sets a threshold of $171,000 for single, head of household, and surviving spouse; $219,000 for joint; $109,000 for married filing separately
- Takes effect in tax year 2025, with amounts and thresholds indexed to inflation from there
Here are our DC-wide projections for 2025 estimated by our partner PolicyEngine:
- Costs $7.2 million
- Cuts child poverty 12.3% and overall poverty 2.4%
- Benefits 8% of the population
- Lowers the Gini index of income inequality by 0.05%
See more here to calculate the impact of this reform on different households!
