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The state and local tax deduction. >> jon: you think this can motivate some of the higher tech states, new york, california, new jersey, to revamp their tax system? >> i think starting january 1, we will have 50 state tax debates. number one, each state has to decide how it's going to conform to the federal tax system. a lot of states link their tax systems to that federal tax code, they will have to figure out what areas of the new federal system they will conform their local tax system to come up but particularly these high tech states, newark, new jersey, connecticut, et cetera, which have ...

Reprieved from this at the end of the day anyway. >> jon: are the politicians and those high tech states going to take notice? will they be hearing from their constituents, or our constituents going to take out their anger on people at the federal level, president trump and the republican-led congress? >> i think we already seen at the state level to start to change their tax code. in fact, the new governor of new jersey, proposing a millionaire's tax has rescinded that and said, i think we need to think twice about passing this millionaire tax, because they can no longer pass that along to un...

Talked about before, the real issue is the blue states high income earners. that is where the problem is. those people are really going to feel it. >> neil: the home valuations with the low tax states or no tech states, florida and texas, they could go off to the races. though it will be a shift, no doubt. will be a shift from new high tech states to very friendly tech states that are rare, no doubt, neil. >> neil: will watch very closely. he pauses very closely. we will switch right now to washington state on the local state are giving an update on that train derailment. six victims. let's li...