ITS THE MIDDLE CLASS STUPID – Gov. Cuomo said wealthy individuals are moving or shifting official residence to lower-tax states, causing a revenue shortfall


FALSE – N.Y., NJ Governors Blame Shrinking Revenue on Federal Tax Changes

ALBANY—Northeast states governed by Democrats are blaming recent revenue shortfalls on the 2017 federal tax law and its changes to the deductibility of state and local taxes.

New York Gov. Andrew Cuomo and New Jersey Gov. Phil Murphy have both regularly attacked the provision of the tax overhaul that capped the deductibility of state and local taxes, or SALT, at $10,000.

Read more: https://www.wsj.com/articles/ny-nj-governors-blame-shrinking-revenue-on-federal-tax-changes-11549321915

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