D.C. Inks $33M Tax Deal With LivingSocial | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

D.C. Inks $33M Tax Deal With LivingSocial

Play associated audio

The website LivingSocial is known for saving people money, but the company is set to receive it's own deal — courtesy of District taxpayers. The D.C. Council unanimously approved a bill to save the daily-deal company LivingSocial nearly $33 million in taxes. In return, the company will pledge to keep its headquarters in D.C. and make sure that half of its new hires are District residents.

The Gray administration has pushed hard to attract technology companies to D.C., and often points to LivingSocial as a prime example of D.C.'s tech-friendly environment.

But critics of the deal, such as the DC Fiscal Policy Institute, question whether the city is giving too much away. The group says city leaders should have pushed harder for clawbacks, or penalties in the deal, in case Living Social doesn't hold up its end of the bargain.

A second and final vote on the measure is set for next month.

NPR

A 'Lasciviously LA' Lunch With Crime Novelist James Ellroy

Ellroy's new novel, Perfidia, follows the Los Angeles police response to a brutal murder on the eve of Pearl Harbor. In a vintage steakhouse, the author discusses the book and his tech-free lifestyle.
NPR

Reality Check For Young Farmers: It's An Expensive 'Habit'

More young people are trying their hand at farming, hoping to make a living out of it. But, as it turns out, passion and grit are just a few of the prerequisites for success.
NPR

Clintons Return To Iowa To Rally Democratic Hopefuls

The Clintons are back in Iowa at an event that is the place to see and be seen for ambitious Democrats. NPR's Arun Rath talks with national political correspondent Don Gonyea.
NPR

Gaming Expert: Destiny Is Good, But 'There's Not Much There'

The much-anticipated video game, Destiny, was released this week. NPR's Lynn Neary speaks with gaming expert Adam Sessler about the new game and whether it was worth all the hype.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.