New York Democrats are applauding President Donald Trump’s decision to move his permanent residence to Florida out of bitter partisan hatred. But don’t be surprised if the billionaire president’s move doesn’t prompt more wealthy New Yorkers to follow suit.
“I love New York, but New York can never be great again under the current leadership of Governor Andrew Cuomo (the brother of Fredo), or Mayor Bill DeBlasio. Cuomo has weaponized the prosecutors to do his dirty work (and to keep him out of jams), a reason some don’t want to be in New York,” President Trump explained.
“New York’s Finest must be cherished, respected and loved. Too many people are leaving our special New York. Great leaders would work with a President and Federal Government that wants our wonderful City and State to flourish and thrive. I Love New York!” Trump tweeted.
In the spirit of continuing their grossly counterproductive methods, New York Gov. Cuomo was enthusiastic about the GOP president relocating to Florida, saying “good riddance.” The fact that President Trump and his vast business interests generate millions in tax revenue seems to have been overridden by Cuomo’s commitment to resist and obstruct.
His comments are eerily familiar to those of New York Rep. Alexandria Ocasio-Cortez (AOC) who celebrated after harassing Amazon until the online retail giant yanked its plans to build a massive headquarters in NYC. The antagonism cost New Yorkers thousands of good-paying jobs and hundreds of millions in tax revenue. Still, the far-left Democrat took a victory lap.
“Anything is possible: today was the day a group of dedicated, everyday New Yorkers & their neighbors defeated Amazon’s corporate greed, its worker exploitation, and the power of the richest man in the world,” AOC tweeted.
The New York governor engaged in an ongoing war of words with President Trump after learning about his departure, claiming he was the only Democrat that could beat him in a general election. Despite the president welcoming the challenge, Cuomo never threw his hat in the ring.
While facing a massive revenue shortfall, New York Democrats refused to participate in the Tax Cuts and Jobs Act in any meaningful fashion. Now Governor Cuomo is trying to blame the president and GOP for his difficult economic predicament that includes a $2.3 billion budget deficit.
He also showed his hand by stating the obvious: people are fleeing New York for Florida in large part due to taxes.
“He raised New York’s taxes when he passed the federal tax reform bill with the so-called SALT, the elimination of the state and local tax deductibility cost New York $15 billion,” Gov. Cuomo reportedly said. “A lot of people from New York move to Florida. A lot of people from the Northeast move to Florida.”
The personal income tax rate for New York residents earning more than $1,077,550 is reportedly 8.82 percent. Given that MSNBC’s Rachel Maddow released an old tax return that demonstrated the president earned more than $150 million, New York just lost $12 million in annual tax revenue from Trump’s decision to move.
Florida has no personal income tax, which is why so many are moving to the Sunshine State. Recent reports indicate that nearly 46 percent of people who earn more than $150,000 are moving or are considering moving out of New York City. 450,000 people fled the high-tax state last year alone.
Despite the wealth flight, the NYC council increased salaries by 6 percent, benefits by 9 percent, health insurance costs by 11 percent, and 12 percent in public assistance. The local budget also set aside money for publicly-funded abortion and the Green New Deal that not even Democrats voted for in Congress.
As news of President Trump residence change to the “Southern White House” in Florida garners headlines, the liberal extremists in New York can anticipate more wealthy residents to pack up their bags and follow the Commander-in-Chief.