High state income and property tax states like California, New York, and Illinois are automatic wins for Democrats, giving them a built-in electoral college advantage.
And they stuck it to the rest of us.
So it’s time for payback not out of vindictiveness, but in the interest of fairness, as suggested by John Haywood at Human Events, channeling Prof. Glenn Reynolds, Taxing Big Blue:
So if Boehner and his team are going to put some tax increases on the table, perhaps by eliminating deductions more than raising rates, they should learn from past mistakes a drive a truly hard bargain….
And let’s hope the Speaker and the rest of the Republican negotiators are smart enough to propose revenue increases that will hurt liberals the most. Start by taxing the ever-loving crap out of Hollywood. I’ve suggested this before, and the esteemed Instapundit, Glenn Reynolds, was on the same wavelength last August when he suggested bringing back the 20 percent excise tax on motion picture gross revenue from the 1950s….
Capping the mortgage interest deduction at $250,000, for example, would hurt those rich blue enclaves with high property values – 8 of the 10 richest counties in America voted for Barack Obama in 2012. Taxing trust funds and hoards of foundation money would hurt the Left, as outside of Hollywood, rich liberals are more likely to be sitting on piles of inherited assets, while conservative millionaires tend to be actively generating and re-investing income. Ending the federal tax deductions for state and local taxes – an idea prominently advocated by Newt Gingrich during the Republican primary – would end the practice of federal taxpayers subsidizing the government greed of those big-spending blue states. It’s actually a form of inter-state redistribution as it stands, so let’s do away with it.
Mind you, I am pure on this issue. I live in two Democratic blue states, Rhode Island and New York.
I want you to tax the crap out of the blue states in which I live because I put country ahead of personal fortune. Not because I want to hear my tax-loving liberal neighbors squeal like stuck pigs. I’m better than that.