STEWART VARNEY on SALT DEDUCTIONS

Good morning, Mr. Varney.  I adore you.  No, actually I am not gay.  I remember listening to you back near 2000 when I lived and worked in Spokane, Washington.  At that time I had not seen you but liked your strong pro-business messages.

I believe viewers are invited to submit comments on SALT (State And Local Taxes) deductions to you on FOX News for future airing.  I won't submit a video because I don't know how long you want them to be or what you might edit but as an armchair pundit with few viewers, I must declare I am soundly in your camp.

I am very Libertarian but, and she is right, my wife says I am out of touch with that philosophy  with my complete lack of empathy for the obscenely wealthy who flaunt their wealth. I have no empathy for the Bloombergs, Hollywood, et al who live in very expensive houses on Long Island and Manhattan and San Francisco and who Cuomo thinks should be given costly tax deductions in order to do so. Cuomo's interest, of course, is revenue. He does not care about me.  He cares about his big money donors and wants more tax money to spend on nonsense which he receives over time if the Feds don’t limit deductions. The concern with the SALT limitations is like the guy who buys the Hummer and then complains about the price of gas.  If you wish to have a $20 million dollar house in the Hamptons, while I do not respect your ostentatiousness but do not object to your owning it (Here I become a Libertarian once again because I would not pass a law that says you cannot have a house that expensive); just pay the taxes understanding there is a cap on how much you can deduct.  If the owner deducts them, as you said, Mr. Varney, (assuming government is zero sum which it is not) then Nebraska picks up the tab for the taxes the FEDS lose because the obscenely wealthy in New York deduct them in full.  What you did not say, Mr. Varney, and this is closer to home, is that we folks of less means who also live in New York have to pay increased taxes to the FEDS if the deductions cap is removed. In other words the obscenely wealthy in New York want us less wealthy to pay the taxes which they avoid.

Is it not odd that the same democrats who are angry with Trump for obtaining SALT limits are those in expensive, democraticat-controlled states (a redundancy).  Yet these are the same democrats who shriek, "tax the rich."  Hypocrisy abounds and I feel no guilt about the filthy rich on Long Island and Manhattan and San Francisco  having to pay higher taxes because of the deduction cap.  Don't like the taxes?  Pressure state and local government to reduce their costs, or keep quiet. It is obscenely expensive to live here in New York and you can either pay the taxes, scale down, move or become active doing something about them. You certainly have the money to spend on anti-tax campaigns, especially if you stop giving money to the politicians who work for increased taxes.

*&*&*&*&