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Cuomo the Homo: Trump's tax cuts at fault for budget gap

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(@dan-hadaway)
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(Bloomberg) -- New York collected $2.3 billion less income-tax revenue than predicted for December and January, a development that Governor Andrew Cuomo blamed on wealthy residents leaving for second homes in Florida and other states that received more favorable treatment in the tax law enacted by President Donald Trump and the Republican Congress.

The shortfall will require a new look at the $175 billion budget Cuomo submitted to the legislature last month, he said. If the trend continues, the governor said it would affect spending on high-expense items such as health, education, infrastructure and a planned middle-class tax cut.

“There is no doubt that the budget we put forward is not supported by the revenue,” the Democratic governor said during a news conference in Albany. “If even a small number of high-income taxpayers leave, it has a great effect on this tax base. You are relying on a very small number of people for the vast amount of your tax dollars.”

“It was politically diabolical and also highly effective,” Cuomo said. “And if your goal is to help Republican states and hurt Democratic states this is the way to do it.”

He vowed to pursue legal challenges against the tax plan, citing its unequal impact, increasing tax liability for residents of New York, California, New Jersey and Connecticut, while reducing it in southern states such as Florida, where many of New York’s wealthiest residents own second homes.

“They are investors, they have accountants, they are making informed decisions,” Cuomo said. “This is going to be the tipping point and people will now be making a geographical change.”

https://finance.yahoo.com/news/cuomo-blames-trump-tax-plan-185801569.html

Looks like all those gibsmedats for niggers and Jews are too much for Albany.


 
Posted : 06/02/2019 2:56 pm
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