As I look out of my office window at the glass and steel office buildings lined up Sixth Avenue like corporate soldiers drawn up at attention before Radio City Music Hall, my thoughts turn to – tax reform.  Specifically to the to the loud complaints coming from high tax Democrat-leaning “blue” states like my own New York, objecting to the GOP tax reform’s $10,000 cap on deductions for state and local taxes (SALT) . While this has proven to be one of the most protested features of the GOP tax reform, to me the debate seems to have overlooked a critical component.  That is the impact of those corporate headquarters marching up Sixth Avenue and filling office parks across many blue states, paying taxes in those states on their nationwide incomes. The complaint is that many of these high tax Democrat states already subsidize lower tax Republican-leaning “red” states through federal taxes and...(Read Full Article)