Gavin Newsom: “Why do we have a tax system, particularly when productivity…”

“I mean, I'm sure, you know, you get versions of it anyway, but just like you, I came up as a small business owner, and it's still what makes me tick. Why do we have a tax system, particularly when productivity and wealth are now being rewarded? Robots, technology, automation. Why are we taxing then human labor? Why we have payroll taxes and yet have tax code that actually rewards automation in terms of write offs. Why we, Andrew, then, as supporters and champions of Small business.” (30:38–30:54)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.