How?
The point of being able to deduct state and local taxes from federal ones is to devolve power to as local a level of government as possible. You've already paid the local authorities some taxes, so now you owe the federal government less.
SALT limits do the opposite of that.
And when a state like New York or California decides to raises income taxes, it should not be understood that they are strengthening their participation in any power devolution scheme. It could work that way, but it doesn't. The Feds do not generally delegate their services like that.
I wasn’t exactly living in the gutter, but would say I was “rich”.
Not sure what that has to do with SALT deductions. My understanding is they were on top of the standard deduction, not as an additional line on itemized deductions.
So frankly, I think it’s fair for some Midwest farmer with land left barely fertile due to mono cropping to pay the full shot of capital gains on his farm, after all, the farm would be worthless without federal price supports, irrigation, levee systems, and direct payments for the corn. Likewise, the Floridian using the homestead laws to launder money in property should be paying the full shot on the Miami condo.
When demographics starts shifting the congress in a few years, I’m sure similar scorched earth policy will happen, which sucks, becuase it will utterly destroy whatever rural economy exists in these states.
The same thing plays out on the state level. Eastern Washington loves to complain about taxes, and I would love nothing more than to let it have its wish... As long as Western Washington can stop subsidizing it.