Erpenbach argued that closing tax exemption “loopholes” would save every homeowner thousands of dollars a year in property taxes and take a giant step toward eliminating funding disparities between rich and poor school districts.
“It’s not a tax increase,” said Erpenbach, who conceded that his plan would still force consumers to pay more for some goods and services that are now exempt. Nonetheless, he said, “Most everybody, at the end of the day, will have more money in their pocket.”