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The District of Columbia is facing a significant budget shortfall, prompting city officials to propose a new tax plan aimed at generating additional revenue. The proposed plan, which was unveiled earlier this week, includes a combination of tax increases and changes to existing tax laws.One of the key components of the proposed plan is a new surcharge on high-income earners. Under the proposal, individuals making over $500,000 a year would be subject to an additional tax of 2.5% on their income. This surcharge is expected to generate approximately $100 million in additional revenue for the city.In addition to the surcharge on high-income earners, the proposed tax plan also includes changes to the city's sales tax laws. The plan calls for an increase in the sales tax rate from 6% to 6.5%, as well as expanding the list of goods and services subject to the sales tax. These changes are expected to bring in an additional $50 million in revenue annually.City officials are hopeful that the proposed tax plan will help address the budget shortfall and ensure that essential services are not disrupted. However, the plan has already been met with opposition from some residents and business owners, who argue that the tax increases will place an undue burden on middle-class families and small businesses.The proposal is set to be debated and voted on by the District of Columbia Council in the coming weeks. If approved, the new tax plan could go into effect as early as next year. In the meantime, city officials are encouraging residents to provide feedback on the proposal and participate in public hearings to voice their opinions on the plan.