Leading economists now predict that roughly 800,000 Americans are preparing to abandon New York and California over crushing taxes and high housing costs; fleeing the “blue states” for the Midwest and other regions across the country.
“In years to come, millions of people, thousands of businesses and tens of billions of dollars of net income will flee high-tax blue states for low-tax red states,” said the report published in the Wall Street Journal.
“As the Trump tax cut was being debated in December, California’s Gov. Jerry Brown called the bill ‘evil in the extreme’ and fumed that it would ‘divide the hell out of us.’ He’s right—but in the end, this change could be good for all the states,” add the authors.
The report comes just months after President Trump signed the sweeping overhaul of the nation’s outdated tax system; unleashing American businesses and raising wages across the US.