Hochul pleads for wealthy New Yorkers to return from red states like Florida, Texas as tax base 'eroded'
New York Gov. Kathy Hochul indicated that the Empire State needs wealthy individuals paying taxes in the state to help fund social programs, but noted that the state's tax base...
By Fox News · Fox News
New York Gov. Kathy Hochul indicated that the Empire State needs wealthy individuals paying taxes in the state to help fund social programs, but noted that the state's tax base has "eroded." During remarks at Politico's "New York Agenda: Albany Summit" event last week, the Democratic governor explained that she needs individuals with a "high net worth to support the generous social programs that we wanna have in our state." She highlighted the issue by suggesting that wealthy individuals should visit Palm Beach, Florida, to "see who you can bring back home, because our tax base has been eroded." Hochul explained that New York is "in competition with other states who have less of a tax burden on their corporations and their individuals. And I would say remote work changed everything," she added. DR OZ ALLEGES WIDESPREAD FRAUD IN NEW YORK'S $100B MEDICAID PROGRAM, DEMANDS HOCHUL RESPOND Hochul said that "Wall Street businesses looking at Texas" are moving due to taxes. "We have to be smart about this," she said, adding that "We can fund what we want to fund with what we already are taking in." Hochul is running for re-election this year. Nassau County Executive Bruce Blakeman, a Republican, is also running in the gubernatorial contest. NEW YORK GOVERNOR WARNED TO FIX RACE-BASED COLLEGE PROGRAM OR BE TAKEN TO COURT "Kathy Hochul finally discovered what New Yorkers already know," Blakeman said in a statement obtained by Fox News Digital. "When you raise taxes, drive up the cost of living, make it harder to do business, and try to destroy families' savings, people leave. Apparently Hochul's new economic development strategy is to ask them politely to come back." "Palm Beach is lovely this time of year, but I'm not sure former New Yorkers will be eager to trade sunshine, no state income tax, and sanity for the highest taxes in the nation under Kathy Hochul — especially while Zohran Mamdani proposes a massive death tax hike. He wants to start taxing inheritances as low as…