National

ESCAPE FROM NY: Trump Says High-Taxes, Unfriendly Laws Forcing Businesses, Residents to FLEE NYC

posted by Hannity Staff - 7.01.19

President Trump slammed New York Governor Andrew Cuomo and his administration Monday; saying the state’s unfriendly policies towards businesses are prompting residents to flee in record numbers.

“It is very hard and expensive to live in New York. Governor Andrew Cuomo uses his Attorney General as a bludgeoning tool for his own purposes. They sue on everything, always in search of a crime. I even got sued on a Foundation which took Zero rent & expenses & gave away more money than it had. Going on for years, originally brought by Crooked Hillary’s Campaign Chair, A.G. Eric Schneiderman, until forced to resign for abuse against women. They never even looked at the disgusting Clinton Foundation. Now Cuomo’s A.G. is harassing all of my New York businesses in search of anything at all they can find to make me look as bad as possible,” tweeted the President.

“So, on top of ridiculously high taxes, my children and companies are spending a fortune on lawyers. No wonder people and businesses are fleeing New York in record numbers!” he added.

Trump’s comments come hours after the stock market opened to major gains.

“U.S. stocks jumped on Monday after the U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks,” reports CNBC. “The S&P 500 rose 0.8% and reach an all-time high of 2,977.86, breaking above its previous record of 2,964. The Dow Jones Industrial Average gained 152 points, or 0.6% as Nike and Apple outperformed. The Nasdaq Composite jumped 1.1%.”

“The markets appear to be content with the cooperative tone coming out of the meetings. To me, it felt like the contrarian play was to the upside post meetings,” said Dan Deming, managing director at KKM Financial. “There was a great deal of bearishness in sentiment headed into the meeting. Many market observers were discounting any change in the narrative, which made many believe the risk was to the downside.”

The Dow Jones Industrial Average and S&P 500 inched higher last week; posting the biggest June returns since 1938.

“Recent gains have put the Dow Jones Industrial Average DJIA, +0.14% in position to ring up its best June gain of 7% since 1938 when the blue-chip benchmark surged an eye-popping 24.3% on the month,” reports Market Watch.

“The S&P 500 index SPX, +0.23% is on track for its best June return, with a gain of about 6.5%, since 1955 when the broad-market benchmark rose 8.2%, while the Nasdaq Composite Index COMP, +0.17% was on track for a 6.9% return in June, which would represent its best June since a 16.6% gain back in 2000. The S&P 500 last week notched its first record close since April 30, while the Dow is off less than 1% short of its Oct. 3 all-time closing peak,” adds the website.

 

CUOMO CONFUSED: NY Gov Says Florida Stealing Residents, Blames High Taxes on Trump

posted by Hannity Staff - 2.13.19

New York Governor Andrew Cuomo deflected criticism from his state’s massive budget deficit this week; bizarrely blaming the Trump administration for the region’s ballooning taxes and accusing Florida of stealing wealthy residents.

“This week the Governor of New York blamed budget shortfalls on the state of Florida,” writes CBS Miami. “He said New Yorkers are fleeing to the sunshine state to save big time on taxes.”

The Governor blamed the high taxes on President Trump’s recent overhaul of the outdated code, saying “Because [Trump] understands: You hurt New York, you hurt California, you’re hurting the economic engines of this nation.”

Cuomo made national headlines just days ago when he confirmed his state was facing a $2 billion budget gap after wealthy residents fled New York throughout 2018.

Read the full report here.

CUOMO EXPLODES: NY Gov. TRASHES ‘Politicians’ and Their ‘Narrow Interests’ for Amazon Disaster

posted by Hannity Staff - 2.14.19

New York Governor Andrew Cuomo unloaded on a “small group of politicians” and their “narrow political interests” Thursday after Amazon confirmed they were withdrawing plans to build a massive headquarters in New York City.

“A small group politicians put their own narrow political interests above their community…The New York State Senate has done tremendous damage. They should be held accountable for this lost economic opportunity,” said Cuomo.

Rep. Ocasio-Cortez -who represents a section of New York City- hailed the decision; calling Amazon’s sudden withdrawal from the region a success for “everyday” people.

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