I pointed this out earlier this month at EPJ: Red States May Suffer Blowback From Elimination of Local and State Tax Deductibility Designed to Hurt Blue States.
Zero Hedge now notesthat Goldman Sach has just come out with a report that estimates that the changes currently contemplated on the Senate bill could ultimately result in 2-4% of Manhattan's top earners relocating to lower taxing jurisdictions.
Keep in mind, these will be mostly crazed lefties WHO WILL BE POLITICALLY ACTIVE.
But it will be more than the mid-level rich, as I pointed out in the above mentioned post:
I'm told, for example, that the greater Denver, Colorado region is getting more wacko every day as more and more California residents move to the area. And I am told that high taxes and the high minimum wages in Blue state territories are driving white trash into parts of Idaho.So Red Staters who hold the unusual view that state and local tax deductions on Federal tax forms are a "subsidy" to Blue Staters, may get their wish and see the SALT deductions eliminated---but it is only going to drive the Blue Staters into the Red states.
Nice job Red Staters, you have set the stage for the crazed social justice warriors to move to your own communities, and clamor for more government, but, hey, at least you won't be "subsiding" them from afar. They are going to be your new neighbors.
For an indication of what Red Staters will turn your state into in the long-term, read this.