UPDATED 11:08 AM PT – Wednesday, December 9, 2020
Former White House Chief of Staff Mick Mulvaney recently blasted New York while defending the Trump administration’s reforms to federal tax law limiting state and local tax deductions.
In a media appearance Wednesday, Mulvaney said New York politicians want to blame others for the problems the state is having. However, he asserted it’s wrong to blame New York’s problems on the administrations move to cap state and local tax deductions at $10,000 .
The former White House official stressed people are leaving the state because of issues like high crime.
High tax environment, crime, and the way the city handled COVID-19 is why people are leaving NYC, says Mick Mulvaney. “Not because of something the Trump administration did in the tax plan in 2017.” pic.twitter.com/kDGaKrRBKJ
— Squawk Box (@SquawkCNBC) December 9, 2020
Mulvaney also said states like New York were taking advantage of previous deduction levels to raise taxes on their residents.