Well, isn’t THIS just speshul!!!
Four Democrat-led states that rejected President Donald Trump’s policy of no taxes on tips and overtime pay are getting called out by Republicans for going against efforts to increase affordability.
The governors of the three largest Democrat-run states, California, New York and Illinois, are continuing to tax tips and overtime against Trump’s One Big Beautiful Bill Act, while Colorado will require taxpayers to report how much is deducted federally so it can be added back for state taxes in future years.
“Gov. Hochul and Albany Democrats believe your money is their money: They are picking the pockets of waitresses, bartenders, and first responders who work overtime just to make ends meet in a state that already has the highest tax burden in the country,” Rep. Mike Lawler, R-N.Y., told Fox News Digital.
Full article, HERE from Fox News.
Soooo, the four states that are hard up for money, and chasing out their richest people are doing exactly what we’ve been warned about…
They are coming for the middle class, the little people, and anywhere they think they can get money.
Do you need any other reason to leave California, New York, Illinois, or Colorado???
Or are you waiting until they pass the ‘exit tax’ laws so they can squeeze you on the way out???
Just asking…
Maybe at long last, the citizens of those states will ask themselves why they put themselves in this predicament and vote them out. But I doubt it.
Especially the federally mandated but state ignored taxes on tips. That should set citizens hair on fire, especially in these inflationary times.
a) it is not clear that we should conclude that these people were voted in.
b) There has long been the hypothesis, maybe by way of the Austrian school, that progressive taxation is actually also regressive. When the wealthiest are ‘made to pay their fair share’, that maybe just makes the wealthy into tax farmers.
b2) If everything is static, than you can pull more from one group of people, and nobody will change their behavior. If instead everyone is always intelligently adjusting their behavior, then changes propagate. The net result would be that the poorest (least leverage), or the craziest, or the most delusional would always tend to get the worst of any shift in economic policy.
c) Where the UK stacks up against US states has shifted over the past thirty years. This is because of UK and EU textbook people, and their policy choices which have been destructive and at times also thieving.
d) The US textbook people have also been bad.
e) CA and NY started with larger economies, and had a lot of economy to ruin.
f) The states with smaller economies that started off poorer, have been more resistant to appeals to just destroy everything.
Why do you rob banks?
“Because that’s where the money is”.
–Willie Sutton.
“It’s all in the game”.
Honestly with the filing requirements to qualify for the “No Tax on Tips” it really looks like “Why Bother”. I was a good idea until congress got hold of it.
Tax wise there is one bill HR25 that would actually make a difference ….Transparently Fund the Government, Save Social Security, encourage “self deportation”, help the economy, and get the IRS out of our pocket. If Congress tries to turn HR25 into “Social Engineering” it would be obvious to everybody.
I have hope for three (3) pieces of legislation:
1. HR25 the FairTax
2. Doing away with “DayLight Savings Time”
3. A “clean” bill act….Laws no longer than 5000 words and cease to practice of combining bills for passage as an Act.
(yes I have more hope for 1 & 2)
It’s the same energy as customers who continue to go back to companies that overcharge for low-quality products and service.
The Eurythmics had it right in their song “Sweet Dreams”:
‘Some of them want to be abused.’
Proof that demonrats are not capable of learning…or unwilling to learn.
I’m sure the next step will be a wall along state borders.
I seem to remember a couple of stories or books about CA doing just that.
They have already driven almost everyone out of the state that makes $1m or more per year, with their 13% add-on tax on top of the highest level of 11%. Back in DOT-com days there was 28k in that category, but it has been reduced to a couple hundred by now. They really hate successful people.
All- Thanks and y’all raise some good points! I’m not sure that .gov ‘can’ correct the problems…
Or are you waiting until they pass the ‘exit tax’ laws…?
Pretty sure that CA already does this. Try taking a business out of their fifedom, and they want, IIRC, 10% the first year, and the same for the next 10 years. Can’t remember if this was profit, or sales percentage. They think they own you…