“Either way, the millionaires and billionaires in California, Texas, Illinois, etc. etc. will now be paying their fare share of both state and federal taxes.”
They aren’t really the problem for the RATs. It’s the upper middle class professionals who, while a lot of them are “all in” for Socialism, haven’t been asked to pay their fair share. There are two income families here in CA that have combined incomes of from $200,000 to $300,000 (or more) who have been able to deduct tens of thousands of dollars in State Income, Property, and Sales Taxes from their Federal Returns. Now, with the limitation, they are going to be getting a rude awakening about the “true cost” of Marxism/Socialism! Just property taxes are going to be a bitch for them. Buy a new $2 million dollar home ( and a lot of them do) and they face a $20,000 tax bill at a minimum. So a $10k limitation means that they will owe federal tax on half of it.
Good points.