There is panic time in high tax Democrat states after Republicans passed the tax bill through the senate which could eliminate state and local tax deductions.
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This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
My friends, its panic time am high tax democrats stage. You know why they republican tax bill in the Senate would eliminate state and local tax deductions that would allow
emanate a lot of money flowing into state coffers. California, Democrat officials are worried that they're going to be big losers. There live in that this could force them to reduce taxes and make big cuts to schools and social services. Typical liberal scare tactic think and cut spending in other areas lay jury. Browns mode.
A billion dollar high speed train to nowhere. Now in New Jersey, Democrat Senate President Steve Sweeney, says they're going to have to re, evaluate everything earlier he and call passing a new millionaires tax, the top priority of the New Democrat Administration with a newly installed democratic governor. Now that's up in the air in New York, democratic governor, Andrew Cuomo and city officials are worried that wealthy new Yorkers will decide to leave if the deductions are eliminated. Trump budget director, Mick Mulvaney, had the perfect comeback. He said. Is it the federal government's fault that New York taxes are so high that they're driving people out of the state blue State Democrats have hidden their high tech.
Games behind this deduction. For decades now, they're cover is blown and the highly taxed chickens are about to leave the roost. That's what they fear. The problem is they moved to where we live and corrupt our neighborhoods. All over again, we can't win
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Transcript generated on 2020-10-10.