High-tax state governors are clueless about just how beneficial the GOP tax cuts are

It is no wonder high-tax states are having so much trouble. Just take a look at the abject economic ignorance of their their governors, and other leaders. After opposing the Republican tax-cut reform passed late last year, they say their states will lose billions because some of their citizens will lose some of their SALT (or, state and local tax) deductions, and so they are going to sue.  These same politicians have always said that raising taxes on the rich doesn't cause problems because they don't spend the money anyway and now they are bitching because some of their more well-off citizens may pay a little more.  They would rather have everybody pay higher taxes and have a slower economy instead of losing their SALT deduction. 

I assume most judges are bright enough to know that since Congress put the SALT deduction in the tax code in the first place, they can take it out. 

 

I am amazed each day how this tax cut, tax reform is going to exponentially help the economy as the multiplier effect trickles through the economy. 

 

We have already seen hundreds of companies in the first few weeks of the cuts say they are giving raises, bonuses, increased benefits and are going to make hundreds of billions in investments in the U.S. that they weren't going to make without the cuts. Yet these governors are suing because some wealthier residents are losing a tax break.

http://www.americanthinker.com/blog/2018/01/high_tax_state_governors_are_clueless_about_just_how_beneficial_the_gop_tax_cuts_are.html#ixzz55Tx7h8JE