livingston
20×102mm Vulcan
Democratic Strongholds Are Seeing Their Tax Revenue Plummet
Republican states are seeing their revenue soar
Heavily taxed blue states such as New York and California last year had some of the country's most drastic drops in tax revenue. At the same time, Republican states are enjoying the highest revenue increases even as they keep income taxes low.New York, which under Democratic governor Kathy Hochul has the highest tax burden in the country, saw a similar revenue drop of almost 20 percent. Both California and New York last year saw their populations shrink by about 294,000 residents, Bloomberg reported.
Democratic Strongholds Are Seeing Their Tax Revenue Plummet
Heavily taxed blue states such as New York and California last year had some of the country's most drastic drops in tax revenue. At the same time, Republican states are enjoying the highest revenue increases even as they keep income taxes low.
freebeacon.com