October 16, 2024
OFRA Simulation S2024–005 - FIGURE
Figure: Substitute SALT (with No Marriage Penalty) with Lower Income Tax
Baseline: Current Policy
Reform: Lowering SALT Cap in Exchange for Lowering Tax Rate on Lowest Income Bracket, Starting 20262
Calibration: Joint Committee on Taxation-Style Conventional Models3
Budget Window: 2026–2035