Fiscal & Regulatory Analysis | Office for Fiscal and Regulatory Analysis

OFRA Simulation S2024–003 - FIGURE

October 16, 2024

Figure: Substitute SALT Cap 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

Join The
Movement



By providing your information, you become a member of America First Policy Institute and consent to receive emails. By checking the opt in box, you consent to receive recurring SMS/MMS messages. Message and data rates may apply. Message frequency varies. Text STOP to opt-out or HELP for help. SMS opt in will not be sold, rented, or shared. You can view our Privacy Policy and Mobile Terms of Service here.