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Speaker 1: dot Com. Four liberal states, New York, Connecticut, New Jersey,

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Speaker 1: and Maryland are suing the Trump administration are demanding more

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Speaker 1: tax cuts. I kid you not. Now, in the old days,

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Speaker 1: not that long ago, people could deduct their high state

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Speaker 1: and local taxes on their federal tax forms, and it

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Speaker 1: was an unlimited deduction. But the new tax law from

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Speaker 1: Trump caps the deduction at ten thousand dollars. And many

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Speaker 1: of these states pay way more than ten thousand dollars

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Speaker 1: in local and state taxes. Now, these states, they are

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Speaker 1: really mad that the Feds will not subsidize their high

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Speaker 1: taxes anymore. The lawsuit claims that Trump's change will hurt

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Speaker 1: property values and hurt job creation. Worse, it'll hurt state

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Speaker 1: budgets because these taxpayers are gonna start paying attention to

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Speaker 1: state spending, which they can't have that. And they're really

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Speaker 1: really really mad because they say Republicans did all this

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Speaker 1: on purpose to hurt Democrat run high tax states. Now legally,

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Speaker 1: it's hard to see how they expect to win this one.

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Speaker 1: The Feds make federal law except for immigration, well they

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Speaker 1: make it, but everybody breaks it. So until they cut

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Speaker 1: their own taxes, these liberals are going to be singing

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Speaker 1: a blue state Blues for a long time to come.

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Speaker 1: I guess it's what happens when the Russians medal in

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Speaker 1: the elections.