California, New York, And Illinois Lawmakers Already Have New Tax Increases Planned For 2021
New U.S. Census Bureau figures released in the final month of 2020 show the multi-year net outmigration of people from California, New York, and Illinois has not only continued, the trend has picked up steam. Anyone who thinks this continued loss of population and income will cause progressive politicians who run these blue state governments to refrain from enacting further tax hikes, however, is unfamiliar with the workings of those statehouses and their occupants. In fact, state lawmakers in Sacramento, Albany, and Springfield have already filed legislation for 2021, or are planning to do so, that would impose further state tax increases in jurisdictions where relatively high tax and regulatory burdens are already cost prohibitive and uncompetitive, which is driving people and businesses away.
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