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

Book Review: 'Born To Run,' Bruce Springsteen

Music critic Will Hermes reviews a new autobiography from Bruce Springsteen called Born To Run.
WAMU 88.5

A Matter Of Taste: What Prix Fixe Menus Say About D.C.'s Dining Scene

Is a meal for a special occasion worth hundreds of dollars?

NPR

Clinton-Trump Showdown Is Most-Watched Presidential Debate

An estimated 84 million people watched Hillary Clinton and Donald Trump in their first debate Monday, according to TV ratings data from Nielsen, making it the most-watched debate ever.
NPR

When Phones Went Mobile: Revisiting NPR's 1983 Story On 'Cellular'

The report titled "Cellular Phones Are Completely Mobile" features a man who was "among the first 1,500 customers to use a new mobile phone system called cellular."

Leave a Comment

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