The mortgage interest deduction is dumb, but it is marketable as a giveaway to "everyone." The state income tax deduction is both dumb and a handout to state go

The mortgage interest deduction is dumb, but it is marketable as a giveaway to "everyone." The state income tax deduction is both dumb and a handout to state governments and those evil "coastal elites." I think a compromise that might work is similar to what happens with the mortgage interest deduction: a cap. Maybe you only get to deduct state and local income tax up to the top federal tax bracket.