Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
02-05-2019, 01:38 PM #1
CUOMO BLAMES TRUMP AS CITIZENS FLEE NEW YORK FOR LOW TAX RED STATES
‘DIABOLICAL’: GOV CUOMO BLAMES TRUMP AS CITIZENS FLEE NEW YORK FOR LOW TAX RED STATES
10:21 AM 02/05/2019 | US Chris White | Energy Reporter
New York Gov. Andrew Cuomo and other public officials from blue states are blaming President Donald Trump’s tax overhaul for people moving to Texas and Florida where the tax burden is less burdensome.
The Democratic governor said Monday that changes to the federal tax law resulted in his state losing $2.3 billion in tax revenue. The 2017 law capping deduction for state and local taxes at $10,000 is the reason for the shortfall and immigration out of the state, he said at a press conference.
“That’s a $2.3 billion drop in revenues.
That’s as serious as a heart attack. This is worse than we had anticipated,” Cuomo said. “I don’t believe raising taxes on the rich. That would be the worst thing to do.
You would just expand the shortfall. God forbid if the rich leave.” He called the decision to cap deductions “a diabolical political maneuver” designed to help red states.
McNamee/Getty Images)Officials in other northeastern states are also blaming the tax bill for depleted tax revenues, The Wall Street Journal reported Monday. New Jersey reported a 35 percent drop in income-tax revenue for December 2018 compared with in 2017.
(RELATED: Trump Tax Plan Hits Snag Over Ending Deduction For High-Tax States)
https://dailycaller.com/2019/02/05/t...flee-new-york/NO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
Similar Threads
-
Media Blames Trump for Bombs as ‘New York Times’ Posts Story of Trump’s Assassination
By Airbornesapper07 in forum Other Topics News and IssuesReplies: 0Last Post: 10-25-2018, 07:03 PM -
New York Gov. Andrew Cuomo to help families sue Trump over Hurricane Maria response
By Judy in forum Other Topics News and IssuesReplies: 3Last Post: 09-03-2018, 07:42 AM -
Former New York Gov. Mario Cuomo Dead at 82
By JohnDoe2 in forum Other Topics News and IssuesReplies: 0Last Post: 01-01-2015, 09:34 PM -
Gov. Cuomo pulls New York out of Secure Communities
By JohnDoe2 in forum illegal immigration News Stories & ReportsReplies: 13Last Post: 06-07-2011, 01:17 AM -
Cuomo: 'New York State is Functionally Bankrupt'
By AirborneSapper7 in forum Other Topics News and IssuesReplies: 6Last Post: 02-02-2011, 04:49 PM
GALLUP POLL: Immigration the most pressing issue in America for...
05-03-2024, 11:30 PM in General Discussion