As we wrote recently, high tax states like NY, CA, CT, NJ, MA, IL and others are starting to feel the new tax law’s impact. Governor Andy Cuomo went to the White House hat in hand to beg for the increasing of the SALT deduction (It was unlimited but the law reduced it to 10k per annum). He’s looking at a $2.3 billion hole in his budget directly attributable to it. Good luck there. President Trump suggested he look at reducing high taxes, now there’s a novel concept. We mourn the passing of Prince Leonard, who took on the Australian central government when they tried to put his farm out of business. He started the province Hutt River which the government refused to recognize. Once, for three days, he declared war on the state. Hopefully his spirit will carry on and a new generation of Aussies will continue the fight.
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