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63,000 New Yorkers moved to Florida in 2018, according to census data. Heritage Foundation chief economist Steve Moore reacts.
Heritage Foundation chief economist Steve Moore reacted to the high numbers of New Yorkers who are fleeing to Florida because of high state taxes.
Story - Country - Story - Moore - Daily
“This is the big demographic story of our country that may be the biggest economic story,” Moore said on "The Daily Briefing."
He said there are “four states of the apocalypse” – New York, New Jersey, Connecticut, and Illinois – which have the most residents fleeing over high taxes and huge budget problems.
Florida - Tennessee - Texas - Utah - North
They are leaving for Florida, Tennessee, Texas, Utah and North Carolina.
“You can buy a house just with the money you save on income taxes,” Moore noted.
Bump - Activity - Tax - Overhaul - Rates
A bump in moving activity started with the federal tax overhaul in 2017. Although rates were cut for corporations and individuals, the ability of residents to deduct state,...
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