WASHINGTON – U.S. Treasury Secretary Scott Bessent advocated for the U.S. to undertake fiscal insurance policies mirroring these of Florida, contrasting the state’s strategy with that of New York.
“We wish the U.S. to be extra like Florida and fewer like New York,” Bessent mentioned throughout an interview on Fox Information with Bret Baier.
Bessent highlighted the numerous disparity in state spending between the 2 populous states.
“New York spends about $235 billion a yr, Florida spends about $125 billion,” Bessent mentioned. “Each states have roughly the identical variety of folks, however Florida doesn’t have an earnings tax.”
“And I can let you know having lived in each, it’s higher to not have an earnings tax, and Florida offers higher providers,” he mentioned.
TREASURY SECRETARY SCOTT BESSENT: “We wish the U.S. to be extra like Florida and fewer like New York.”
— Florida’s Voice (@FLVoiceNews) Might 29, 2025
