07/29/2026
HARRISBURG CALLS IT “INNOVATION.” TAXPAYERS SHOULD CALL IT WHAT IT IS.
Steve Santarsiero is promoting Innovate in PA 2.0 as a major $125 million investment in Pennsylvania’s future.
But here is what Steve is not emphasizing:
The state is authorizing the sale of up to $125 million in future tax credits to insurance companies—potentially receiving less than their full value today while giving up future tax revenue beginning in 2030. Steve is proud to essentially cash in future tax revenue to pay for this program today. You will be stuck paying for this years from now.
Then, state officials will decide which venture funds, universities, organizations and selected businesses receive the money.
There are no firm job-creation requirements written into the law. No mandatory private-sector match. No clear statutory clawback if the promised jobs or economic benefits never materialize.
Pennsylvania should absolutely support biotechnology, medical research and entrepreneurs. But real innovation comes from creating a competitive business climate for everyone—not from government bureaucrats picking winners and losers while taxpayers carry the risk.
Pennsylvania needs lower taxes, fewer regulatory barriers, faster permitting and a trained workforce—not another government-controlled fund built on future tax revenue.
Innovation should be driven by entrepreneurs and customers—not political connections and government grant committees.
We deserve better.
