President Trump and congressional leaders are considering scrapping the ability to deduct state and local taxes from federal income taxes, according to a report in Politico.

If it happens, Florida could become even more attractive to taxpayers. There is no state income tax in Florida, and residents have already been moving from high-tax states like New York in droves.

Political leaders are considering the option as one of several that could help to pay for a tax cut.

Another option is capping the mortgage interest deduction for homeowners, which could make brokers unhappy.

Although there is broad consensus on what the options are, a deal is far from done, Politico reported.