Issue Position: NORTON FOCUS ON THE D.C. ECONOMY BRINGS CRITICAL REVENUE AND ECONOMIC DEVELOPMENT DURING THE RECESSION
Issue Position
Issues: Taxes Economy and Fiscal
In the last days of the lame-duck Congress, Norton got her unique D.C. tax incentives in the tax relief and unemployment package. Her popular $5,000 homebuyer tax credit and many business tax incentives, including a $3,000 wage credit for each D.C. resident hired or already employed by many D.C. businesses, will be retroactive for 2010 and continue through 2011. Norton expects the tax incentives to help lift the D.C. economy because residents who purchased homes this year, or buy next year, will find that home prices are lower than usual. The wage credit not only helps businesses by offering them a break if they hire or retain D.C. residents, but also offers a financial incentive to hire local residents.
Source