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Can We Replace the Property Tax?

With property tax bills on the rise, homeowners are searching for answers—and some even want to abolish the tax altogether. In this episode, we break down why property taxes are increasing, common but flawed solutions, and why the property tax remains an economically efficient revenue source.

earmark excise tax revenue excise tax revenue in europe, 2025

What Should Be Done with Excise Tax Revenue?

Excise taxes generate more than two trillion dollars worldwide each year. While tying an excise tax revenue source to a specific expenditure program can be a best practice, the efficiency depends on the revenue source, the spending program, and why the excise tax was implemented in the first place.

6 min read
Eliminate property taxes and property tax repeal and property tax replacement options state and local tax trends in 2025 and 2026

There’s No Good Way to Pay for Property Tax Repeal

Backfilling forgone local property tax revenue through new state taxes is difficult because it dramatically shifts overall tax burdens, undermines local accountability, and cannot easily adjust for changing population mixes.

20 min read

Federal Revenue and Distributional Impacts of Limiting the Tax Exclusion for Employer-Sponsored Health Insurance Premiums

Policymakers are considering ways to extend the enhancements made to Affordable Care Act premium tax credits that expire at the end of the year, which could cost $350 billion over the next decade. Any expansion of the credits should be offset by reducing other healthcare subsidies or preferences in the tax code, the largest of which is the exclusion for employer-sponsored health insurance (ESI) premiums, estimated to cost more than $5 trillion over the next decade due to reduced income and payroll tax revenue.

10 min read
Massachusetts Lawmakers Should Focus on Sound Tax Reform Rather than Double Taxing Business Income

Massachusetts Lawmakers Should Focus on Sound Tax Reform Rather than Double Taxing Business Income

Massachusetts lawmakers should look for opportunities to reform the tax code, revamp the state’s competitiveness, and stem the tide of outmigration. This bill, by contrast, would double down on the economically uncompetitive features of the Commonwealth’s existing tax code. Aggressively expanding NCTI inclusion is not productive or competitive.

5 min read
Economic, Revenue, and Distributional Effects of Making Permanent the Tax Cuts and Jobs Act TCJA extending the 2017 Trump tax cuts cost and impact

Understanding Debt, Deficits, and Interest

The US national debt is on an unprecedented and unsustainable trajectory that will require ever-greater borrowing and larger interest payments on what is borrowed. These interest payments will, in turn, consume a larger part of the budget, and all Americans will pay the price.

4 min read
real property taxes in europe, 2025

Real Property Taxes in Europe, 2025

High property taxes levied not only on land but also on buildings and structures can discourage investment in infrastructure, which businesses would have to pay additional tax on.

3 min read
european economic competitiveness, united states tax policy

The Transatlantic Balancing Act

Instead of getting stuck in a reactionary posture, European countries should simply aim for competitiveness, and the EU can support that work with stronger, more stable trade relationships.