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OFRA Simulation S2024–002 - FIGURE

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Figure: Substitute SALT Cap with Standard Deduction Baseline: Current Policy1 Reform: Lowering SALT Cap in Exchange for Raising Standard Deduction, Starting 20262 Calibration: Joint Committee on Taxation-Style Conventional Models3 Budget Window: 2026–2035

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OFRA Simulation S2024–002 - TABLE

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Source: Tax-Brain (v.2.7.1), Tax-Calculator (v.4.3.0), Behavioral-Response (v.0.11.0), and Tax-Microdata-Benchmarking (as of September 30, 2024). See github.com/PSLmodels for open-source code. The baseline assumes that Tax Cuts and Jobs Act temporary provisions are extended beyond 2025. All the simulated proposals assume that the standard deduction caps for “married filing jointly” and “qualifying…

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OFRA Simulation S2024–003 - FIGURE

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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

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OFRA Simulation S2024-003 - TABLE

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Source: Tax-Brain (v.2.7.1), Tax-Calculator (v.4.3.0), Behavioral-Response (v.0.11.0), and Tax-Microdata-Benchmarking (as of September 30, 2024). See github.com/PSLmodels for open-source code. The baseline assumes that Tax Cuts and Jobs Act temporary provisions are extended beyond 2025. All the simulated proposals assume that the standard deduction caps for “married filing jointly” and “qualifying…

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OFRA Simulation S2024–004 - FIGURE

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Figure: Substitute SALT (with No Marriage Penalty) with Standard Deduction Baseline: Current Policy1 Reform: Lowering SALT Cap in Exchange for Raising Standard Deduction, Starting 20262 Calibration: Joint Committee on Taxation-Style Conventional Models3 Budget Window: 2026–2035

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OFRA Simulation S2024-004 - TABLE

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Source: Tax-Brain (v.2.7.1), Tax-Calculator (v.4.3.0), Behavioral-Response (v.0.11.0), and Tax-Microdata-Benchmarking (as of September 30, 2024). See github.com/PSLmodels for open-source code. The baseline assumes that Tax Cuts and Jobs Act temporary provisions are extended beyond 2025. All the simulated proposals assume that the standard deduction caps for “married filing jointly” and “qualifying…

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OFRA Simulation S2024–005 - FIGURE

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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

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OFRA Simulation S2024-005 - TABLE

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Source: Tax-Brain (v.2.7.1), Tax-Calculator (v.4.3.0), Behavioral-Response (v.0.11.0), and Tax-Microdata-Benchmarking (as of September 30, 2024). See github.com/PSLmodels for open-source code. The baseline assumes that Tax Cuts and Jobs Act temporary provisions are extended beyond 2025.All the simulated proposals assume that the standard deduction caps for “married filing jointly” and “qualifying surviving…

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America First Policy Institute Applauds Georgia Court in Win for Election Integrity

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WASHINGTON, D.C. – The America First Policy Institute (AFPI) today hailed a ruling by a Fulton County Superior Court judge to uphold the rule of law and defend the people’s right to know if their elections are being conducted fair and impartially. Fulton County Superior Court Judge Robert McBurney ruled…

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Brooke Rollins and Lee Zeldin on China’s Threat to US National Security

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In a recent conversation, the America First Policy Institute’s CEO, Brooke Rollins, and Congressman Lee Zeldin underscored why a strong America First approach is crucial to meeting the threats posed by the Chinese Communist Party. Rollins began by celebrating Zeldin’s recent appointment to lead AFPI’s China Policy Initiative, highlighting his…

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