‘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/