US News Metro Long Island Politics

Sports NFL MLB Olympics NBA NHL College Football College Basketball WNBA

Business Personal Finance

Entertainment TV Movies Music Celebrities Awards Theater

Lifestyle Weird But True Sex & Relationships Viral Trends Human Interest Parenting Fashion & Beauty Food & Drink Travel

Health Wellness Fitness Health Care Medicine Men’s Health Women’s Health Mental Health Nutrition

Science Space Environment Wildlife Archaeology

Today’s Paper Covers Columnists Horoscopes Crosswords & Games Sports Odds Podcasts Careers

Email Newsletters Official Store Home Delivery Tips

Switch between CA and NY editions here.

Blue states are committing tax suicide — their mania is contagious

It’s not just New York and California: All across the nation, blue states are committing political and economic suicide by targeting millionaires with high taxes.

Who will suffer most from this ideologically driven push to punish the wealthy? Wage workers and the poor.

Leftist Democratic pols demanding new state tax-the-rich measures are ignoring economic reality: Wealthy residents can and do move in response to unreasonable taxes — taking jobs, revenue and even congressional representation with them.    

In Washington state this week, a slim Democratic majority is on the verge of passing a 9.9% income tax on millionaires. 

The Evergreen State has never had an income tax — the state Constitution actually prohibits it — but Democratic Gov. Bob Ferguson is vowing to sign this one into law.  

The Tax Foundation ranks Washington state a dismal 45th out of 50 in tax friendliness due to its heavy sales, capital-gains, property and excise taxes.

More From Betsy McCaughey

Rabid Democrats toss truth aside to rescue Iran’s regime

The secret that explains the Quad God’s Olympic choke

Handcuffing ICE will cost Americans big-time — and not just in crime

This millionaires’ tax will add to that burden and drive out business.

The exodus has already started: Starbucks, a Seattle icon, is moving much of........

© New York Post