“Californians would face the largest net tax increase, at $12.1 billion in 2027 alone.... used to partly fund the tax cuts flowing to other parts of the country.” https://itep.org/house-tax-plan-offers-an-exceptionally-bad-deal-for-california-new-york-new-jersey-and-maryland/ …
HK captures it bc they’re typically the landlord around the new station or line being built. They likely lose on fares but gain it back in rents.