I suspect the loss of the SALT deduction may have a bigger long-term impact on CA and NYC than was initially anticipated. The money the CARES Act threw at the states (and the stock and RE bubbles in 2020/21) probably hid the impact on the tax base… but the hit is cumulative.
Professionals can now get the equivalent of immediate 10-15% pay hike by leaving LA and NYC for TX or FL. For people making $100,000-$500,000, especially those with school-age kids, that’s a huge gain. And the quality of life in the blue states is hardly a draw.
And of course for the $5 million-plus crowd, the savings are massive, though those folks have tax avoidance strategies to spare (and frankly the extra money is unlikely to make much difference to their quality of life, they’d just rather avoid the taxes. So be it. Their choice.)
One addendum: the blue states have responded by adding what they call “pass-through entity taxes,” which basically allow small businesses to pay personal state taxes for their owners and deduct them as a business expense. But people employed by big companies can’t get this break. 
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