Matt Mahan

They can have a family member.

You can have your grandparent or your child returning from college who needs to save up in order to be able to break into the housing market.

They can create income for folks.

That flexibility has been really valuable to a lot of families, and I think we should encourage it.

Taxes are really high.

We have the second highest taxes in the country.

They are mostly very progressive, which I support.

Those who make more, earn more, do better in society should pay more back into the pot to help everybody else.

So I don't mind at all.

In fact, I very much support the fact that we have one of the most progressive tax structures in the country.

In fact, the only thing I would say about that is it is a bit of a risk and a vulnerability.

40

percent of our we charge an income tax.

It's a major source of revenue for the state.

Forty percent of that revenue, sometimes up to 50 percent, comes from the top one percent of earners each year.

So we are very concentrated and vulnerable to capital flight because it's the top earners who pay most of the revenue.

We also have some of the oddly enough, some of the most regressive taxes.

And so if anything, where I would look

to maybe modify things with something like our gas tax.

So wealthier folks are buying EVs and are sort of opting out of gas tax by doing that.