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Bessent: New York spends about $235 billion a year. Florida spends about $125 billion. Both states have approximately the same number of people but Florida doesn't have an income tax

So we want the U.S. to be more like Florida, less like New York

By News on the Net -- Acyn——--May 30, 2025

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Bessent: New York spends about $235 billion a year. Florida spends about $125 billion. Both states have approximately the same number of people but Florida doesn't have an income tax.

I can tell you, having lived in both, it's better not to have an income tax and Florida gives better services.

So we want the U.S. to be more like Florida, less like New York

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