Political Quotes

“As this article highlights, revenue for blue States this tax season were up, not down. The ratings agency Moody's released a report in April saying that there were no discernible signs that individuals were fleeing high-tax States as a result of the SALT cap. However, even if taxpayer migration were to occur as a result of the cap, the answer to the problem isn't repealing the SALT cap; it is for States to look in their own backyard at their own tax-and-spend policy. The truth is, these State politicians aren't concerned about their own taxpayers. What they are really worried about is their continued ability to gouge those taxpayers with ever-increasing State and local taxes, which used to be subsidized by taxpayers from other States through the Federal Tax Code because there was no SALT cap. In closing, I want to turn back to this very chart, the same one I discussed earlier. For Democrats still on the fence as to whether to vote to repeal the IRS regulations on the SALT work-arounds, you ought to study this chart very closely. I ask a question to the other side: Could you, with a straight face, argue that a vote to protect these work-arounds is not a vote to provide a massive tax cut for the wealthy? This chart shows it is helping the wealthy. For Democrats who intend to vote for this tax scam anyway, I don't want to hear any more long-winded speeches about how the tax bill of 2017 benefited the wealthy.…”