Gov Abbott extends off-ramp for NY billionaires fleeing Mamdani's policies

By Fox News · Fox News

As New York City Mayor Zohran Mamdani continues to advance policies targeting wealthy executives, Texas Gov. Greg Abbott is reminding billionaires that everything is bigger in Texas – including economic opportunity. Abbott is pitching his state as a refuge from liberal measures Republicans attribute to driving businesses out of the Empire State. For New York, the stakes are high: even a modest outflow of firms and top earners could dent tax revenues and reshape the city’s role as a global financial hub. For Texas, the influx could mean more jobs, investment and economic clout. Against that backdrop, Abbott’s office is making an aggressive case for relocation. " Governor Abbott is proud to welcome businesses and job creators from across the country to Texas, where we have no state income tax, reasonable regulations, and a pro-growth environment that encourages free enterprise to flourish," the governor's press secretary Andrew Mahaleris told Fox News Digital. TAX FIGHT PUTS CALIFORNIA ON COLLISION COURSE AS BILLIONAIRES LEAVE FOR RED STATES Mahaleris gave insight into Abbott's business philosophy, saying that "punitive policies that target successful job-creating entrepreneurs only accelerate the trend of companies choosing Texas." Abbott has made attracting out-of-state businesses a cornerstone of his economic strategy, a push that has paid off as Texas continues to draw firms and executives to relocate from higher-tax states. Just last week, Dell Technologies announced a unanimous decision by its board to change the company's legal home from blue enclave Delaware to the Lone Star State. Abbott celebrated the decision in an X post , saying, "Welcome home, @Dell" and "This is what happens when job creators and innovators are welcomed, not punished." The governor noted that "more businesses are sure to follow." That kind of growth matters politically. It signals rising living standards, a stronger tax base and greater leverage to fund infrastructure, education and ot…