Palihapitiya lists 2026 tax cuts including no tax on tips, overtime, and car loan interest deductibility as economic stimulants.
“No tax on tips. No tax on overtime. The deductibility of the cost of interest for things like car loans. These are big stimulative action depreciation.”
Palihapitiya claims California's proposed billionaire tax has changed the state's economic trajectory by $100-200 billion over five to ten years.
“That one bill, this proposed billionaire tax, has single handedly changed the trajectory of the California economy by a 100 to $200,000,000,000 over the next five to ten years.”