paywall
Try this link.
https://apkmetro.com/the-liberal-citys-tax-dilemma/
Upshot is that New York and San Fran are the spawning grounds of leftist thought and they did spend a ton of money on their little local lefty projects because they could take it away from the Feds as an exemption. Their spending is unsustainable on a national level, so they are promising to raise taxes on everyone, but they will likely run into trouble with their lefty elite darlings because they are already running into problems there, rich New Yorkers don’t seem to be coming back. The crime wave hasn’t helped. This presents the Dems with a schism in their support and presents the Republicans with an opportunity.
Did I mention that the Democrats tanked Covid-19 relief because they wanted to uncap this tax exemption and consider this regressive tax giveaway it a non-negotiable item??
Use https://archive.is/ to get around the WSJ and other paywalls.
I didn’t run into a paywall when I hit the link...