There is one additional factor--I know this is the case in California and also in New York--and that is both New York and California are net contributors to other States. In our State of California, even with this deduction, far more tax revenue flows to the Federal Government than Federal Government revenue comes back to the State of California. It is probably in the 15 to 20 percent net loss range to the State of California, and I think in New York it is similar.
John Garamendi: “There is one additional factor--I know this is the case in California and also in New York--and that is both New York…”
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