When Republicans passed their tax reform legislation, the majority of Americans noticed a bump in their paychecks. It’s always good to keep more of your money; it’s even better to deprive the D.C. swamp of taxpayer largess.
However, certain provisions in this law may have unintended consequences red staters may soon regret. The repeal of SALT deductions (state and local taxes) could trigger an exodus unseen since the days of Moses. Blue states are notoriously expensive to live in. Their politicians are irresponsible spendthrifts as well as the voters who elect them. Once this provision is taken away only the poor and ultra-rich will inhabit these progressive utopias. Here is an excerpt from the Hill:
The recently passed tax bill, which repeals the state and local tax (SALT) deduction, will only speed up the exodus. Thanks to the bill’s passage, many New York taxpayers will save little or nothing despite a cut in the federal rate. The state’s highest earners — who have been footing an outsized share of the bill — will pay tens of thousands of dollars more in income taxes in 2018. In New York alone, loss of the SALT deduction will remove $72 billion a year in tax deductions and affect 3.4 million residents.
And make no mistake: What’s happening in the Big Apple is a microcosm of what’s happening in the nation’s blue states, cities and towns. New York, Los Angeles, Chicago — the places where power and capital have traditionally congregated — have become so over-regulated, so overpriced and mismanaged, and so morally bankrupt and soft on crime that people are leaving in droves. Of course, these high-tax cities are the same places hit hardest by the removal of the SALT deduction.
I admit I loved sticking it to these blue state scumbags. But I can say without hesitation I don’t want these commies becoming my neighbors. That New York accent, bad attitude and progressive politics have no business in the South.
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