It seems that Trump's tax plan has officially turned New York Governor Andrew Cuomo into a "trickle down" economics guy.
Apparently unhappy that the new tax legislation will result in higher taxes for the "millionaire, billionaire, private jet owners" of his state who have mortgages over $750,000 and annual property taxes of over $10,000, Cuomo said that the White House's efforts to "spread the wealth around" are nothing more than an effort to "pillage the blue to give to the red."
"Look, there's always politics in crafting of legislation. But, this was an egregious, obnoxious...what the Senate was saying is because we have no Senators from the 'Blue States' we don't care. So let's pillage the blue to give to the red."
"That's never been done in this nation before. That's partisan politicking over any semblance of good government."
"You want to hurt New York? You want to hurt California? They're the economic engines. How are you going to the grow the economy after your put a dagger in the heart of New York and California? It's all politics all the time."
New York Gov. Andrew Cuomo calls the passage of the tax reform bill "partisan politicking over any semblance of good government" https://t.co/ibW4PBTTuJ— CNN Politics (@CNNPolitics) December 28, 2017
And, just like that, we've now entered a bizarro world where 'up' is 'down', 'cold' is 'hot' and liberal Democrats no longer want to the wealthy to "pay their fair share".
Of course, as we've pointed out numerous times of late, the Trump tax bill signed into law last week limits the total deduction taxpayers can take for local, state and property taxes to just $10,000 and caps the interest deduction on mortgages to the first $750,000 of principal.
Not surprisingly, the change will hit wealthy taxpayers in high-tax, high-cost-of-living blue states like New York, New Jersey and California particularly hard as they will lose a significant portion of their itemized deductions.
All of which begs the obvious question: Could it be that the Left's "tax the rich" rhetoric was nothing more than an empty threat designed to draw populist support and win elections??? Say it ain't so....