This is all about fairness...If you worked and put your money in your homestead in NEW York...you could only deduct part of the taxes you paid because of the cap...and that just wasn’t right.
All tax provisions must originate in the House.
Trump and Harris talk a lot about what they are going to do. But neither of them can DO anything.
I see your point. But there’s a larger issue here. With SALT, states that have income tax are in essence appropriating taxes that would have otherwise gone to the federal government and using them for their own purposes. That’s not in itself a bad thing. But the question then arises, shouldn’t that amount be deducted from the federal tax revenue that’s sent back to that state? In other words, if a state thinks they can spend some of the tax revenue they send to the federal government more effectively, then shouldn’t that amount be deducted from how much the feds send back to them?
In reality it’s more complicated than that, and it would be a difficult task to figure out how to implement such a policy.