This is INCREDIBLY BAD NEWS. This would only SUBSIDIZE the spending of the DEEP BLUE STATES. I’m hoping that this is simply CAMPAIGN RHETORIC but fear it is not!
hate to break it to you but many blue states are net providers to the federal gov.
“This is INCREDIBLY BAD NEWS.”
This matter is over my head but with our huge debt and interest payments on the debt, I wonder where the money to pay the debt off will come from if not from taxes.
Perhaps a Trump administration will rev the economy up which will generate additional tax revenue through increased prosperity, both individual and commercial.
The biggest net contributor states to the U.S. government are deep “Blue” states like New York, New Jersey, Connecticut and Massachusetts.
I get the sense that Trump often just says whatever comes to mind, without thinking it through.
Sometimes he has great instincts, sometimes not so great.
I agree 100%. Its basically the states stepping in front of the fed/gov to get the money first. The rest of us make up the difference.
It allows blue states to jack up their taxes knowing they will not face backlash since its a write off on federal tax returns.
Hey blue states "pay your fair share of federal taxes".
I realize the impact of high state taxes which is why I live in a state with no state income tax. High state taxes should be painful for those who pass them and those who pay them.
I don't want to subsidies their stupidity. Trump is wrong on this issue.
But maybe the blue state people will stay in the blue states, where they belong. As things are now, all kinds of Californians are moving to Texas, really screwing up our local politics. The locusts leave the area that they destroyed, and without learning anything, they move elsewhere and keep doing the same thing over and over and over again.
Put on your thinking cap. Texas could levy a 100% state income tax on all residents. All of it would be deductible from federal income tax.
One way to starve the beast and keep tax spending local.
EC
Bingo! Do not change anything