This headline from Yahoo Finance yesterday highlights our “compromise” advice to Congress on the issue of the state and local tax deduction (SALT).

We hate SALT because it forces taxpayers in low-tax states to subsidize the most reckless, high-tax states, and it encourages more government spending. But politics is the art of the possible, and at least five House Republicans in blue states are demanding some relief and Trump promised to fix the SALT problem. The $10,000 deduction allowed in TCJA could be doubled to $20,000 without losing much revenue.

An unlimited SALT deduction would be fiscally reckless, costing $1 trillion in lost tax revenue – and almost all of the dollar savings to California and New York millionaires and billionaires.

If Californians and New Yorkers want tax relief, they should take it up with the pols in Albany and Sacramento.