🇺🇸POLITICS: NY GOV KATHY HOCUL SAYS SHE NEEDS HIGH NET WORTH INDIVIDUALS IN NEW YORK "TO SUPPORT GENEROUS SOCIAL PROGRAMS"The Governor lamented in tax revenue leaving the state by noting the amount of high net worth people who recently moved to FL or TX, stating "maybe the first step should be go down to Palm Beach and see who you can bring back home."Despite noting that even Wall St. is considering Texas for tax benefits alone, she doesn't relent on the high-tax rate of NY being implemented by her and Mayo ...

Fiscal Policy & Budget - The bill could increase the deficit by over $3 trillion over the next 10 years [1] - The bill proposes overhauling social programs such as SNAP (food stamps) and Medicaid [1] - The Senate bill would modify how states receive Medicaid funds, reducing the amount received via a special tax and creating a $25 billion fund to support rural hospitals [2] Political Dynamics & Opposition - Senator Tom Tillis initially voted against the bill, facing threats from President Trump [2] - Democrats argue the bill's growth is out of control, with strong criticism of its content [3] Specific Allocations & Provisions - The bill includes earmarks such as $85 million for moving the retired space shuttle Discovery [4] - The bill proposes creating a $1,000 Trump saving account for all newborns and requiring a $100 fee for asylum applications [4]

Legislation & Policy - The bill under discussion could increase the deficit by over $3 trillion over the next 10 years [2] - Proposed changes to Medicaid funding involve reducing state tax revenue and establishing a $25 billion fund for rural hospitals [3] - The bill includes specific allocations, such as $85 million for moving the retired space shuttle Discovery [4] - The bill proposes creating $1,000 Trump saving accounts for newborns and imposing a $100 asylum application fee [5] Political Implications - Senator Tom Tillis initially opposed the bill due to Medicaid cuts, facing potential primary challenges [2] - Senator Tillis later announced he would not seek re-election, citing gridlock in Washington [3] - Laura Trump is reportedly considering running for Tillis' Senate seat in the 2026 midterms [7] Public Opinion & Impact - Concerns exist that changes to Medicaid funding could lead to hospital closures in rural areas [3] - The bill is described as unpopular and morally objectionable by some, while President Trump views it as popular [4][5]