Yep, democrats are really feeling salty, these days. Thanks to Donald Trump’s dedication, America is winning every day.
There’s little the left can do about it. Oh sure, they whine and moan on CNN. They invent controversy in the hopes of tripping him up. But America is seeing how Trump’s policies are helping everybody.
Well, maybe not everybody. There’s another kind of SALT that’s hurting the dem’s. This SALT has everything to do with Trump’s landmark tax bill. While so many Americans are enjoying the benefits of lower taxes, a few aren’t.
Guess where those few live? You guessed it—liberal-run states. Now the smart citizens are picking up their stakes and moving to greener pastures.
From Fox News:
Over the past decade, about 3.5 million Americans have relocated from high-tax blue states like California and those in the Northeast, to low-tax red states like Texas and Arizona — and the change is likely to accelerate…
They say that the Republican Party tax bill’s cap on the deduction for state and local taxes (SALT) could ramp up the pace by which Americans relocate in their own economic interest.
Laffer and Moore estimate that both California and New York will lose on net about 800,000 over the next three years, roughly double from the previous three years, while Connecticut, New Jersey and Minnesota combined with lose around 500,000 people in the same period.
Democratic holdouts, like California, hit top earners with a whopping 13 percent income tax. Up until recently, they’ve gotten away with it. High earners could deduct that from their federal taxes so it would even out.
Essentially, liberal states were robbing the federal government of money from rich folks. While they abused the rich with higher, local taxes. Nice, I know.
But those deductions have been slashed by the GOP tax bill. Now successful people living in places like New York, California, and other liberal cesspools will see their taxes skyrocket.
The vast majority of Americans—over 90 percent—are enjoying a drop in taxes. Only the richest will suffer. Not because of the federal government—mind you—but because they are living in greedy, liberal-controlled regions of America.
That’s easily remedied, isn’t it?
Many Americans are already fleeing California and New York for other reasons. With state taxes rising, they have no reason to stay. With them goes their businesses—and jobs. Lower income folks will follow, just so they can earn a living.
Is that worth it Gov. Brown? How about you Gov. Cuomo? Maybe you guys should consider cutting taxes and actually attracting people to your states.
Oh, that’s crazy talk!
Source: Fox News