Josh Shapiro
๐ค SpeakerAppearances Over Time
Podcast Appearances
We've got a smart tax environment for them.
And by the way, after we invest in them, after we give them a shot and after they do well, we expect them to pay their fair share back to the Commonwealth of Pennsylvania.
And I think that's the approach we've taken and it's working.
How do you think about that?
Let me make sort of three points, a Pennsylvania point, then a couple of broader points.
One, you cannot have a national economy that works if it's only working for the 1%.
And you pointed out in your question, the wage disparity and the disparity of income.
You have to make sure that there is opportunity for those at all different income levels.
And look, as we sit here today, if you're making a million dollars versus fifty thousand dollars,
Take a million dollars, you're gonna be able to buy some stuff that someone at $50,000 can't buy, right?
We sort of understand that, but you gotta have opportunity and you've gotta have a level playing field and you gotta have a fair shot and you gotta have a tax system that works in a fair way.
So that's sort of point one.
Point two is here in Pennsylvania, we've tried to address some of that economic disparity by passing the first ever working Pennsylvania's tax credit, sort of a stateside earned income tax credit.
So what we're saying is if you're working, if you're going out and busting your hump, we're going to put some money back in your pocket.
About 940,000, almost a million Pennsylvanians are going to qualify for a little over 800 bucks back in their pockets.
So that's going to help not only today with rising costs due to a lot of these federal policies, but it's going to put money back in people's pockets, allow them to make the investments they need to make in their everyday lives.
Here's the third point.
What I would not do, because you asked what I would do, what I would not do is what President Trump did at the federal level with an aid and assist from a whole bunch of sick and fancy Congress by passing that budget bill or the beautiful budget bill or whatever the hell they call it.
In effect, what they did was they gave a tax cut for those who simply do not need it.
Right.