Does that really help? … it would if the government would also cut spending … but that rarely happens … government still need revenue, meaning they charge higher property, excise, sales tax rates, higher prices for license/permits, or some other way to make up for the missing money … so, for example, you might have to pay an extra $500 in other taxes/fees … so if you are rich and save thousands of dollars on the reduced income tax … great … but if you are not rich and only save hundreds on the tax break … you either break even or lose money … not so great … the difference is in the details … which most people don’t pay attention to … tax breaks are not always good.
I had relatives recently move to Florida … they were excited to not have to pay state income taxes … what they found out … they are not really saving anything because of the high prices on everything else … just part of the myth of tax cuts.