Gov. Hochul Blames Trump, Covid for Businesses, Wealthy New Yorkers Moving Out

EXCERPT:

HOCHUL: “Back then, big driver of people leaving, and you could draw a through line from when the Donald Trump administration and Congress got rid of the state and local tax deduction. All of a sudden, everybody in New York paid higher taxes because we used to -- since Abraham Lincoln was president, they started the tax code. You never were double taxed. They changed that. So states like New York, you lost that deduction. So it got more expensive to be here just with the signing of that law. 2017, 2019, those are the years when people started the out migration of businesses and individuals. And then what happens in 2020? Get slammed with the pandemic. So people who maybe had a vacation home or a temporary home in Palm Beach said, I'm moving my whole family here.”