“There is no subsidy.”
A deduction that has the same net result as a subsidy is therefore indistinguishable from a subsidy.
As I pointed out to you, the mortgage interest rate deduction subsidizes the real estate and banking industry and the basis of local property tax indices. Remove that deduction/subsidy and home prices, loan origination fees, service fees, mortgage balances, and property taxes will all decline.
Remove the SALT deduction/subsidy and either your state will lower taxes or else they’ll watch as people and industry flee to other states.
Will my family lose something because the SALT is gone? Sure we will.
But I suspect that you’ll lose even more.
A subsidy is a payment.
Like the subsidy for child bearing otherwise known as the EITC.
None of what you describe is a payment by anyone, to anyone or entity.
https://www.merriam-webster.com/dictionary/subsidy
You still cannot grasp the difference between people keeping more their own money from confiscatory taxation, and direct cash payments from the government to Takers whose funds came from taxation itself. Perhaps you do understand, but you feign ignorance because the facts do not serve your argument.
“Remove the SALT deduction/subsidy and either your state will lower taxes or else they’ll watch as people and industry flee to other states.”
Exactly. The government has no business in creating deductions that support industries, such as Real estate.
One example is that when we move to Texas, our property taxes were confiscatory. Taxes were so high that house prices were kept low. People can only afford so much, and when the monthly bill for taxes is outrageous , the monthly mortgage has to go down to compensate. I couldn’t figure out why houses in Texas were so reasonable, until I realized the overall price we were paying was still outrageously high. Especially considering windstorm insurance.
The market will adjust.