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Mayor Wu’s Commercial Property Tax Proposal: A Solution or a Snuff?
/in Blog, Featured /by Eileen McAnnenyBoston Mayor Michelle Wu is considering shifting more of the property tax burden onto commercial property owners as a way to close a potential budget gap of $1.4 billion by temporarily increasing the commercial property tax rate to 200 percent of the residential rate. To do this, Mayor Wu would seek approval from the City Council and state legislature to allow Boston to temporarily exceed the 175 percent shift cap allowed by state law. It would then be phased out over a four-year period by reducing the rate by 7.5 percent annually. When initially introduced, this local option higher property tax rate cap was intended to protect residential property owners from double-digit tax rate increases stemming from the steep rise […]
Transformative Medical Therapy Will Require New Cost-Benefit and Pricing Models
/in Featured, Healthcare, News, Pioneer Research /by Editorial StaffCurrent regulations increase development and manufacturing costs, are a potential disincentive for investors BOSTON – Gene replacement therapy (GRT) is a transformative medical technology. However, a new regulatory model and a pricing paradigm that fully accounts for its value will be needed to ensure its continuing development, according to a new paper published by Pioneer Institute. GRT treats diseases by using or modifying genetic material and is particularly useful for rare diseases. The first gene therapy available in the US was approved six years ago. “Gene therapy may only have to be administered a single time to treat the root cause of a disease, as opposed to traditional medical treatments that can be needed for a lifetime,” said Anne […]
UCLA’s Ronald Mellor on Tacitus, Roman Emperors, & Despotism
/in Education, Featured, Learning Curve, News, Podcast /by Editorial StaffDr. Mellor delves into the enduring influence of Tacitus, the great Roman historian, on both America’s Founding Fathers and contemporary understanding of politics and government. He discusses Tacitus’s insights on the early Roman emperors, unchecked authority, moral judgment of leadership, and the decline of the Roman Republic, as well as ancient lessons for modern governance.
Testimony – Special Joint Committee on Initiative Petitions
/in Better Government, Public Testimony, Public Testimony, Transparency /by Mary ConnaughtonTestimony – Special Joint Committee on Initiative Petitions
Poor Housing Incentives: Tax Credits Reward Politicians Not Neighbors in Need
/in Featured, Housing, News, Podcast Hubwonk /by Editorial StaffJoe Selvaggi interviews Chris Edwards, Chair of Fiscal Studies at CATO Institute, about his research on the 40-year history of Low-Income Housing Tax Credits. They delve into its features, effects, and potential alternatives that could provide greater benefits at lower costs to taxpayers.