According to Heritage Foundation chief economist and American Legislative Exchange Council (ALEC) board member Stephen Moore, Americans are fleeing the left-wing states of New York, New Jersey, Connecticut and Illinois in droves.
And where are they headed, pray tell? Straight to the conservative heartlands of Florida, Tennessee, Texas, Utah and North Carolina.
“This is the big demographic story of our country,” Moore said Tuesday on Fox News. “It may be the biggest political economic story that’s happening in America — the transformation where people are moving out of the high-tax states at a rate of about 1,000 people everyday to low-tax states.”
“We just need an analysis at ALEC — I’m on the board there — of four states that I call the ‘four states of the apocalypse.’ You know what they are? New York, New Jersey, Connecticut and my home state of Illinois just getting clobbered because they have the highest taxes. They actually have huge budget problems, though they have high taxes.”
Source: Fox News
“Where are those people leaving to?” he continued. “Where are they going? Certainly Florida. Then Tennessee, Texas, Utah, North Carolina. By the way, There’s something similar about Texas, Tennessee, Florida. No income tax, and boy does that make a difference.”
“Let’s say you’re a millionaire and you move out of New York to Florida or Texas, you can practically buy a house just with the money you save on your income tax.”
But it’s not just the American people who’re benefiting from low taxes. Take Florida. Despite boasting some of the lowest tax rates in the country, the state is “raking in billions,” as reported by Fox Business Network.
“According to a new study from LendingTree, which analyzed IRS data from 2016, Florida is the number one largest beneficiary from relocations out of all 50 states — by a landslide,” the outlet reported earlier this month.
“The Sunshine State drew in a net influx of about $17.7 billion in adjusted gross income (AGI) – most of which (72 percent) came from those aged 55 and older. It is consistently one of the most popular destinations for retirees due to affordability and low taxes.”
“Florida’s $17.7 billion in net AGI dwarves the remaining 19 states that saw a positive net influx of income – which combined for a total of $19.4 billion.”
This appears to disprove the Democrat Party narrative that tax cuts lead to reduced revenue and thus higher deficits and debts.
One of the ways the left tries to attack common sense tax reform policies is to say that tax cuts cause deficits. Dems & those running for POTUS have continued to attack the tax reform agenda even though we’ve been seeing unprecedented revenue unleashed by conservative solutions.
— Tim Scott (@SenatorTimScott) August 20, 2019
“Isn’t it interesting that the states people are leaving from, those are the most, quote, progressive states,” Moore continued Tuesday. “Yet you’ve got all these Democrats saying let’s make America look more like New York and New Jersey. No, we should make America look more like Texas, Tennessee and Florida.”
The only concern is that the residents and businesses who flee left-wing states such as New York, New Jersey, Connecticut and Illinois often bring their failed political ideology with them.
Take AllianceBernstein, a global asset management firm that announced in the spring that it’d be relocating from New York to Tennessee to escape the left-wing state’s left-wing policies.
Before the official move, however, the firm issued a stunning statement decrying the state’s conservative government for being supportive of a religious liberty bill.
“AB chose to move to Tennessee because we believe it is a welcoming state that is focused on growing jobs, incomes and the tax base, which will improve lives for all Tennesseans,” the firm’s COO, Jim Gingrich, said in a statement at the time.
But, he continued, “[t]he bills being debated in the current session of the legislature send a clear message to certain constituencies that they are not welcome. Other states have tried to pass similar bills and this has proven to be anti-growth, anti-job and against the interests of the citizens of those states.”
“[T]he last time financial experts checked, the most socially conservative states also happened to be the most prosperous,” Family Research Council president Tony Perkins noted in a rebuttal. “For years, places like North Carolina (No. 1), Texas (No. 3), and Georgia (No. 6) have topped Forbes’s Best States for Business list — despite high-profile campaigns for privacy, religious liberty, and life.”
“What these liberal CEOs don’t understand is that these favorable business climates only come from conservative legislators who understand that real freedom leads to economic growth. That’s why these red states are so enticing to companies, because their social values haven’t just built a foundation for workforce and family success—but thriving corporations, too.”
AllianceBernstein reportedly did not heed this plea, and their efforts against Tennessee’s conservative policies — the same policies responsible for the state’s prosperous economy — continued. It was as if the company’s left-wing COO wanted to have his cake and eat it too.
AllianceBernstein is run by Trump-hater Robert Zoellick
His lefty policies made NYC a bad place for business.
So he is moving AllianceBernstein to Nashville & trying to change the state.
— California Rising (@KernUnited) March 27, 2019
It’s this attitude — which appears to be ubiquitous among left-wingers fleeing left-wing states — that has conservatives worried that the “good news” that Moore shared Tuesday isn’t so good after all:
— Grey Beard Biker 😎 #MAGA #ProLife #ΜΟΛΩΝ ΛΑΒΕ (@GreyBeard_Biker) August 21, 2019
TN is one of the states New Englanders are fleeing to due to no state income tax. If you come, welcome, but don’t bring your progressive, liberal views & damage our great state. We are strong because we are RED! Don’t NY, NJ, CT or CA our state.https://t.co/Y1LbXRVPaR #FoxNews
— BeautifulBella (@Barracuda_Bella) August 20, 2019
Has always annoyed me that democrats leave liberal cities because of high taxes and crappy laws just to vote the same way at new conservative city. But if they were smart, they wouldn’t be democrats.
— zoltrac (@zoltrac) August 21, 2019
That’s how dumb liberals are. They run from their liberal high tax states and then vote for the same crap they were running from in the first place!!! IDIOTS!!!
— Chris Dunbar (@Dunbizzel) August 21, 2019
Why would you go for the place with low taxes and vote for the same laws and regulations that made you move to begin with ….that is the definition of insanity
— Scott Buckley (@sebuck72) August 21, 2019
Latest posts by Vivek Saxena (see all)
- Ritzy NJ country club sues waiter after member’s $30k handbag is ruined with red wine - November 12, 2019
- WH reportedly considers restrictions on foreign aid, dependent on treatment of religious minorities - November 12, 2019
- New low: University of Virginia cancels Veteran’s Day 21-gun salute - November 12, 2019