Top Ten Videos to watch

A Man Operating A Tv Camera
Maurice White
March2Justice
'News One Now' With Roland Martin Taping
Bill Cosby
Activists In Los Angeles Gather To Burn Likenesses Of The Confederate Flag
Flint Firebirds V Windsor Spitfires
CBC Message To America: Rep. Conyers Addresses The Damage Inflicted On Our Communities By Poverty, Mass Incarceration And Lack Of Economic Development
Iowa Caucus Ted Cruz
NewsOne Now NAACP Image Awards Preview
Student sitting at a desk in a classroom
Slavery Stock image
The 16th Annual Wall Street Project Gala Fundraising Reception
Ava DuVernay
Roland Martin Blasts Stacey Dash For Comments About BET, Black Networks
President Obama Delivers State Of The Union Address At U.S. Capitol
Ava DuVernay
2016 North American International Auto Show
Democratic National Committee Presidential Primary Debate
88th Oscars Nominations Announcement
Democratic debate
Dream Speech
GOP Presidential Candidates Debate In Charleston
US President Barack Obama speaks on the
24593149
2011 Winter TCA Tour - Day 5
LOS ANGELES, CA - FEBRUARY 18, 2015: Two wooden stand-in Oscar statuettes are ready to be taken on
Woman Holding Dollars - Isolated
President Barack Obama Delivers His State Of The Union Address
Leave a comment

By Matt E. Stevens

District of Columbia residents earning more than $350,000 annually will have to dig a little deeper in their pockets around tax time.

The D.C. Council approved the tax hike on the wealthy by a vote of 7-6 to generate more money for the city. The good news is that the increase will be removed by 2015.

Supporters of the tax increase feel it is a long overdue step toward financial stability.

“This is about good tax policy by creating a new top bracket,” said Council member Phil Mendelson, according to the Washington Post. Mendelson is a Democrat and a sponsor of the tax increase.

“People who earn $350,000, $400,000, $1 million, should not be paying the same rate as someone earning $40,000,” he added, echoing a similar sentiment by President Barack Obama about federal tax rates.

Mayor Vincent Gray is expected to sign the measure. This bill is the second…

To read more. click here.

Also On News One: