You are stuck in your selfish opinion. Yes, selfish because you are looking at your tax situation and not the bigger principle.
To your counter arguments, I agree the tax code is and has been for decades used to influence buyers habits. In the early days the mortgage deduction was and somewhat remains an incentive for families to buy homes, which is arguably good for them and for the economy. So if you are not a home owner, it’s true you don’t get that tax benefit. But….
The home mortgage deduction doesn’t favor one state over another. It’s that simple. Anyone who wants, regardless of the state the are in, can avail themselves of that deduction.
There are many things about the tax code I dislike. Just because I can’t fix all of them at once doesn’t mean I shouldn’t try to fix what I can.
Sure it does. The median home price varies wildly by state. Prescinding from that point, individuals can buy higher priced homes in Mississippi because of that interest deduction. Finally, it’s discriminatory against renters.
But that state tax deduction….THAT is evil. Let’s hurt the inhabitants of those states so we can feel warm and fuzzy. They’re all libs anyway, right?
Yes, I am not a collectivist. I put my family and The Holy Trinity ahead of everyone else. My actions aren’t forceful nor fraudulent. I harbor no shame about that.
To that point, I don’t go around advocating for tax increases on my fellow man because I’m unhappy about perceived negative externalities arising from Taxachusetts. This cap is all about anger, envy, and power - which are textbook leftist traits.
Be well.