INTERNACIONAL
Florida and Texas are battling for new residents. DeSantis thinks he found an advantage
NEWYou can now listen to Fox News articles!
Florida and Texas have for years attracted Americans feeling high-tax, high-cost states with an absence of personal income tax and business-friendly policies. Now, Florida Gov. Ron DeSantis is betting that reducing property taxes could become the Sunshine State’s next competitive advantage.
The stakes extend well beyond Florida.
The competition for new residents translates directly to political influence, with population growth affecting everything from congressional representation to Electoral College votes.
TAX-WEARY AMERICANS FLEE BLUE STATES FOR REPUBLICAN-LED SOUTHERN HAVENS
As Americans continue relocating to southern states in search of affordability amid a bubbling economic crisis, the latest proposal in Florida could become a test of whether low-tax states can further widen their advantage over higher-tax rivals.
Supporters argue it would strengthen Florida’s appeal to homeowners, retirees and businesses while giving it a new edge over competitors like fellow red state Texas. Critics counter that any tax savings must eventually be offset through spending cuts, higher fees or alternative revenue sources, making Florida a potential case study in both the promise and the pitfalls of aggressive tax reduction.
The governor is backing a constitutional amendment that would dramatically expand Florida’s homestead exemption, potentially lowering tax bills for millions of homeowners.
Under the proposal, Florida’s existing $50,000 homestead exemption would increase to $150,000 in 2027 and to $250,000 in 2028. In practice, the exemption reduces the portion of a home’s value that is subject to taxation, lowering the tax bill for qualifying homeowners.
For homeowners, that could translate to meaningful tax savings. For local governments, however, it would mean collecting substantially less revenue from one of their largest funding sources.
That tension between tax relief and government funding is at the heart of the debate.
THE RED STATES RACING AHEAD IN AMERICA’S POWERFUL WEALTH BOOM — AND THE STATES FALLING BEHIND
The proposed constitutional amendment would significantly increase Florida’s homestead property tax exemption beginning in 2027. (John Greim/LightRocket/Getty Images)
State analysts estimate the measure could reduce local government revenue by more than $8.4 billion annually, raising questions about how cities and counties would make up the difference.
Backers say the proposal would provide relief to homeowners at a time when many Floridians are grappling with rising housing costs, insurance premiums and inflation. Critics, however, warn that property taxes help fund many of the local services residents rely on every day.
«While the idea of eliminating the property tax sounds appealing, it’s important to remember the local services those tax dollars provide,» Nicole Fox, a policy analyst with the Center for State Tax Policy at the Tax Foundation, told Fox News Digital.
«The quality of a community’s schools and roads, as well as the safety of a community, are important both for quality of life and contributing to the value of one’s home,» she added.
Fox noted that the proposal would eventually eliminate roughly 36% of homestead property taxes and argued that a reduction of that magnitude would likely require some form of replacement revenue.
AMERICANS KEEP MOVING TO TEXAS AND FLORIDA — BUT ONE OTHER RED STATE IS GROWING EVEN FASTER
«When you are talking about 36% of homestead property taxes eventually being eliminated, there must be a plan for at least some degree of revenue replacement,» Fox said. «Currently that plan is unknown.»
Fox, who recently co-authored a Tax Foundation analysis of the Florida proposal, argued the measure could shift the tax burden onto businesses, renters and property owners who do not qualify for the homestead exemption.
«It would do so through less stable revenue sources that could alter consumer behaviors and negatively impact businesses, as well as shift the burden to those who do not qualify for the homestead exemption,» Fox said.
ONE SOUTHERN CITY YOU’VE NEVER HEARD OF IS GROWING FASTER THAN ANYWHERE ELSE IN AMERICA
Florida’s latest property tax debate comes as the state continues to attract new residents from across the country. (Sven Hoppe/Picture Alliance/Getty Images)
Florida already has «a very competitive tax structure,» Fox added, but warned that «this drastic restructure risks significant uncertainty and economic harm.»
Whether voters ultimately embrace the proposal remains an open question. The constitutional amendment must receive support from at least 60% of voters to take effect.
If approved, supporters argue it could cement Florida’s status as one of the nation’s most attractive destinations for homeowners and businesses, potentially giving it a new advantage over competitors like Texas and South Carolina.
Population shifts, should they continue, could carry hefty political consequences in future elections as faster-growing states gain influence over who is in power in their state houses and Washington. (Slim Aarons/Getty Images)
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
If critics are right, however, the proposal could become a test case for whether billions of dollars in property tax relief can be delivered without shifting costs elsewhere.
Either way, the debate unfolding in Florida is being watched closely as states compete for residents, businesses and investment in an increasingly mobile America.
taxes, ron desantis, florida, texas, property, economy, housing
INTERNACIONAL
Trump ally ‘El Tigre’ sworn in as Colombia’s new president amid continent’s rightward shift
NEWYou can now listen to Fox News articles!
Colombia entered a new political chapter as conservative President Abelardo de la Espriella was sworn into office Friday, pledging to reverse much of former President Gustavo Petro’s left-wing agenda and restore a tougher approach to security, economic policy and relations with the United States.
Known by his nickname «El Tigre» (the tiger), his inauguration marks one of the most significant political shifts in Latin America in recent years. After four years of socialist President Gustavo Petro’s «Total Peace» strategy, expanding coca cultivation and increasingly strained relations with Washington, de la Espriella now faces the challenge of translating campaign promises into governing reality.
He was joined at the inauguration by several conservative presidents from across the region, including Argentina’s Javier Milei, Ecuador’s Daniel Noboa and Chile’s José Antonio Kast. Acting U.S. Attorney General Todd Blanche was there as part of the U.S. delegation. Spain’s King Felipe VI and FIFA President Gianni Infantino were also in attendance, The Associated Press reported.
TRUMP SAYS COLOMBIA’S ‘EL TIGRE’ WILL BE A ‘GREAT PRESIDENT’ AS SOCIALIST OPPONENT LAUNCHES LEGAL CHALLENGE
Abelardo de la Espriella is sworn in as president of Colombia during the presidential inauguration at Arena USC Aug. 7, 2026, in Cali, Colombia. (Gabriel Aponte/Getty Images)
«I have come to close a long chapter of national resignation and, together with the people, embark on the most profound transformation of our destiny,» De La Espriella said, according to Reuters while speaking at the Pichincha Battalion military base in Cali.
«I send a firm message to the Colombian people: The time has come to restore order, authority, and freedom.»
Reuters said one of his first acts as president was to join The Shield of the Americas, founded by President Donald Trump.
For the U.S., Colombia remains its closest security partner in South America, a key trading ally and one of the region’s largest recipients of U.S. security assistance. Hundreds of American companies operate in Colombia, while the country’s security conditions directly affect regional migration, organized crime and narcotics trafficking.
On foreign policy, the new president has committed to rebuilding strategic ties with the United States, restoring close cooperation with Israel and adopting a tougher stance toward the authoritarian governments of Venezuela, Cuba and Nicaragua.
Whether those commitments produce measurable improvements, however, will depend on resources that remain in short supply. Camilo Guzmán, executive director of Libertank, told Fox News Digital that the country’s financial situation will define what the administration can realistically accomplish.
Argentinian President Javier Milei arrives for the inauguration of Colombia’s President Abelardo de la Espriella in Cali, Colombia, Friday, Aug. 7, 2026. (Matias Delacroix/AP Photo)
«President de la Espriella inherits a house with the roof leaking and the safe empty. The order matters because almost everything he promised requires money he does not have.» Guzmán pointed to Colombia’s deteriorating fiscal position as the administration’s most immediate challenge.
«Start with the fiscal picture. It is worse than his own team seems to expect. The 2026 deficit is tracking around 6.5-6.7% of GDP, the financing gap is close to $34 billion and the implicit medium-term adjustment being left on his desk is near five points of GDP. It is also a cash problem, not only an accounting one. Before he governs, he must make payroll.»
WALTZ WARNS OF CHINESE, RUSSIAN-FUELED ‘NATIONAL SECURITY THREAT’ LOOMING CLOSE TO US SHORES
Colombia’s right-wing presidential candidate, Abelardo de la Espriella, from the Defensores de la Patria movement, delivers a speech to supporters during a campaign rally in Palmira, near Cali, Colombia, May 14, 2026. (Joaquin Sarmiento/AFP via Getty Images)
The International Monetary Fund projects Colombia’s economy will grow by only about 2.3% this year while inflation remains elevated, limiting the government’s room to finance new security initiatives or major economic reforms without additional spending cuts or new revenue measures.
Security presents an equally daunting challenge. Violence has intensified across several regions as criminal organizations and guerrilla groups have expanded their territorial influence over the past several years.
Guzmán said, «Security is the second fire. The first half of 2026 closed with the highest homicide count for any first semester in a decade, extortion still rising and armed groups that have grown sharply since 2022. Security is rebuilt in years, not in quarters. Expect operations, captures and hard rhetoric in the first 100 days, visible and real, but not yet structural.»
Colombia’s most wanted rebel leader appeals to ELN and other factions to form an insurgent bloc spanning Colombia and Venezuela. (Daniel Munoz/AFP via Getty Images)
Even if the administration moves quickly on executive actions, its legislative agenda will depend on building consensus in a fragmented Congress. Although De la Espriella won the presidency, his party controls only five seats in the Senate, while Petro’s Historic Pact remains the largest individual political bloc. Passing security reforms, fiscal legislation and broader economic initiatives will require negotiations with centrist and traditional parties on virtually every major proposal.
Guzmán believes those political realities may prove just as important as the security challenges. «He won the election; he did not win Congress. The July fight over the Senate presidency was the first warning. He has a coalition that is numerically large and poorly disciplined. His agenda will be negotiated bill by bill.»
REPUBLICAN REP MARÍA ELVIRA SALAZAR DECLARES, ‘AFTER CUBA, NICARAGUA IS NEXT’
Men work at a coca leaf field in Llorente, rural area of the port city of Tumaco, department of Narino, Colombia, Aug. 31, 2024. (Joaquin Sarmiento/AFP/Getty Images)
For that reason, analysts caution against measuring the administration’s success solely by immediate results. Instead, the first 100 days are likely to be judged by whether the new president establishes credibility, assembles an effective governing team and demonstrates that campaign promises can evolve into a coherent governing strategy.
Guzmán concluded, «The realistic expectation is this: the first 100 days will produce signals, not results. Appointments, decrees, an emergency spending cut, a tax bill, a security package. Meanwhile, expectations are enormous, and the distance between what people were promised and what is physically possible in 100 days is the main political risk he faces. He will spend those 100 days putting the house in order. He should say so out loud, and early. Credibility is the one asset he can build by day 100.»
Colombian President Gustavo Petro delivers a speech during a troop recognition ceremony at the Jose Maria Cordova Military Cadet School in Bogota March 11, 2025. (Raul Arboleda/AFP via Getty Images)
The decisions investors and policymakers will watch most closely include whether De la Espriella formally abandons Petro’s negotiations with the ELN, resumes aerial coca fumigation, expands intelligence and security cooperation with Washington, restores full diplomatic engagement with Israel and introduces a credible fiscal adjustment plan.
Those early moves, analysts say, will offer the clearest indication of whether Colombia’s new president can begin delivering on his promise to reverse the Petro era, or whether the country’s fiscal, political and security realities will force him to scale back one of the most ambitious conservative agendas in modern Colombian politics.
Reuters and the Associated Press contributed to this report.
colombia, latin america, socialism, terrorism, national security, global economy
INTERNACIONAL
Quién es Abelardo De la Espriella, el libertario admirador de Javier Milei que asumió la presidencia de Colombia
INTERNACIONAL
Trump says White House ballroom ruling jeopardizes lives of future presidents, vows Supreme Court appeal
NEWYou can now listen to Fox News articles!
After a panel of federal judges ordered a halt to construction on the White House ballroom, President Donald Trump said he will immediately appeal to the U.S. Supreme Court.
In a Truth Social post Friday, Trump decried the 2-1 decision from the U.S. Court of Appeals for the District of Columbia Circuit as «horrendous, politically motivated, and unlawful.»
In a subsequent Truth Social post Friday, Trump also blasted the two-judge majority, noting one judge was appointed by former President Barack Obama and the other by former President Joe Biden. He took particular issue with the panel’s statement that «Each President is a temporary tenant…of the White House,» writing that presidents «are not tenants» but are elected by the American people and have the authority to «fix, renovate, secure, protect, and beautify the White House grounds.»
TRUMP WARNS JUDGE AGAINST SACRIFICING NATIONAL SECURITY BY BLOCKING WHITE HOUSE BALLROOM, DRONE BASE
The White House helipad and new ballroom extension as seen this week while under construction in Washington, D.C. (Aaron Schwartz/Bloomberg via Getty Images)
In his initial response to the decision earlier on Friday, Trump wrote: «The Circuit Court’s decision, which is totally wrong on the vital subject of STANDING, of which the plaintiff has none, severely jeopardizes the lives and welfare of the people who work, and will be working, at the White House — including all future Presidents of the United States, and their families, as well as the lives of all those visiting, such as Heads of State and other Dignitaries, and all Americans who wish to visit the historic, beautiful Executive Mansion.»
He also accused the court of refusing to acknowledge that the ballroom, which he said is being built ahead of schedule and under budget, «is a Gift from President Trump and Great Patriots of the United States of America.»
«There will be no expense to the American Taxpayer. This unjust decision must be overturned by the Supreme Court in its entirety,» Trump wrote.
The appeals court on Friday upheld a lower-court decision that paused above-ground construction of the proposed 90,000-square-foot White House ballroom project, which replaced the demolished East Wing.
The earlier ruling allowed work to continue on underground national security facilities and certain safety and security measures, a decision the higher court also upheld.
REPUBLICANS EYE PICKING UP $400M TAB FOR TRUMP’S BALLROOM AS SOME DEMS OPEN TO ‘DISCUSS’ IDEA
President Donald Trump holds a design rendering of a proposed $400 million presidential ballroom at the White House. (Aaron Schwartz/CNP/Bloomberg, File)
The appeals court said in its 136-page ruling that the decision to build a «massive ballroom» lies with Congress, not with the executive branch.
Trump argued the ruling itself «is a National Security Threat at the highest level» because much of the project has already been completed and paid for, calling the decision a «National Disgrace.»
Judges Patricia Millett and Brad Garcia wrote the majority opinion, remarking that there is no precedent for what Trump has done.
«We are aware of no instance in American history in which a President unilaterally and using privately collected funds demolished substantial portions of the White House that Congress authorized to be built and American taxpayers paid for. Until now,» they wrote.
President Trump announced he is appealing Friday’s decision to the Supreme Court. (Heather Diehl/Getty Images, File)
The judges said their ruling does not prevent the president from building the ballroom if it is authorized by Congress in the future.
As Trump pointed out in his social media post, the ruling was stayed for 14 days to allow the defendants to seek a Supreme Court review.
It is not immediately clear if the Supreme Court will take up this case.
donald trump, white house, federal courts, judiciary, supreme court, politics
La respuesta de Pablo Moyano sobre el escándalo que involucró a su hermano Facundo y a su novia
Los cuatro signos del horóscopo chino que podrían destrabar aquello que parecía imposible en agosto, según Ludovica Squirru
Restaurantes, hoteles y transporte lideraron la inflación de julio en la Ciudad
Viraje en el Gobierno: de ahora en más priorizarán solo los proyectos centrales y enfriarán las reformas de Sturzenegger
Se complican las paritarias siderúrgicas de la UOM: hay tensiones con los empresarios y diferencias entre sindicalistas
Hora, TV y streaming para el súper sábado con Tigre – River, Boca – Vélez y Messi
Dólar hoy en vivo: a cuánto se negocian todas las cotizaciones minuto a minuto este miércoles 5 de agosto
La oposición cuestionó a Benegas Lynch por su empresa para vender campos a extranjeros y el senador libertario se defendió
Brasil retira a su embajador en la Argentina: qué consecuencias tiene la medida diplomática
Las centrales obreras y los movimientos sociales anunciaron dos días de conflicto callejero
-
ECONOMIA3 días agoDólar hoy en vivo: a cuánto se negocian todas las cotizaciones minuto a minuto este miércoles 5 de agosto
-
POLITICA1 día agoLa oposición cuestionó a Benegas Lynch por su empresa para vender campos a extranjeros y el senador libertario se defendió
-
POLITICA3 días agoBrasil retira a su embajador en la Argentina: qué consecuencias tiene la medida diplomática