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

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

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… pic.twitter.com/6ekCF1fmA8

— Acyn (@Acyn)May 29, 2025