Chuck DeVore: President Trump calls it quits on New York taxes. He’s not alone


In 1975, at the height of New York City’s financial crisis, President Ford announced he would deny federal aid to help the city avoid bankruptcy. The Daily News ran an iconic headline the next day: “FORD TO CITY: DROP DEAD.”

Today the headline might read: “NEW YORK TO MILLIONAIRES: DROP DEAD.”

The latest example of New York’s politicians bitterly driving out millionaires — less than 1 percent of the state’s residents who pay about 40 percent of the state’s income taxes — is the family living at 1600 Pennsylvania Avenue in Washington, D.C., but who otherwise called New…

Source Fox

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