The DC Chamber of Commerce is happy that the Mayor found a balance in the new District Budget between looking to help those who need the most help, and the fact that in the past two years DC businesses have seen taxes and fees increase across the board. This budget has no new taxes, and while we're still reviewing the fees and fines, they generally seem to be focused on actions that will raise revenue.
We look forward to working with the Council to make sure that all necessary programs are funded, and that everyone can enjoy living, working and doing business in the District of Columbia over the coming years. We are also hopeful that with the lack of new taxes on businesses in this Budget, we will see an increase in employment here in the District. We have always stated that if you allow businesses to reinvest their profits back into their firms, they would employ more people. This is the first time in years that we're giving them that chance.