It merely changes winners and losers. People paying high rents are currently losers. They will get a more level playing field with mortgage payers.
People living in high tax states who benefit from deductions by definition have the means to move to a low tax state.
First of all, if, and it's a HUGE "if", people living in high tax states ( some conservatives, some RINOS, many libturds ) decided to just pick up and move to states where there is either no state tax and in some instances, also city taxes, those states would turn BLUE over night.
Many people live in blue states because their families are there ( sometimes meaning that they are looking after older relatives ) and so are their jobs.
Selling one's home is NOT easy, in many places and the money ( taxes and moving costs ) outweigh that idea; not to mention getting a new job.
What has "rent" have to do with anything? Renters in high tax states won't get any perks re those who are paying mortgages.
FYI...people with mortgages of over $500,000, will no longer be able to take all of the mortgage interest off; however, if they live in a high tax state, NEITHER will, as it stands now, be able to deduct their state and when applicable, city taxes off their Fed Taxes.
A REAL "tax cut" has NO winners and NO "losers"; it is a win win thing for ALL people! That IS what the JFK and Reagan tax CUTS were. THIS POS CRAP SANDWICH ISN'T WHAT WAS PROMISED; NOT BY A LONG SHOT! And it won't stand as is, so stop having all kinds of joy over the punishing of some.