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| 1 | +Today we’re excited to launch **SALTernative**, a free web app that lets anyone — from researchers and journalists to households and Hill staff — simulate reforms to the state‑and‑local‑tax (SALT) deduction and the Alternative Minimum Tax (AMT) and see their effects on: |
| 2 | + |
| 3 | +- **The federal budget** (2026–35) |
| 4 | + |
| 5 | +- **Average household incomes** across the distribution |
| 6 | + |
| 7 | +- **Individual households’ net income**, effective SALT caps, and property‑tax subsidy rates |
| 8 | + |
| 9 | +You can start exploring right now at [**policyengine.org/us/salternative**](https://policyengine.org/us/salternative). |
| 10 | + |
| 11 | +## Why a SALT + AMT model, and why now? |
| 12 | + |
| 13 | +- **Major policy change may be imminent.** When individual provisions of the Tax Cuts and Jobs Act expire after 2025, the explicit $10,000 SALT cap vanishes and AMT parameters revert, reshaping incentives for millions of taxpayers. |
| 14 | + |
| 15 | +- **The interaction matters.** The AMT disallows the SALT deduction, creating an _effective_ SALT cap that can remain even without a statutory cap. |
| 16 | + |
| 17 | +- **Transparent evidence is scarce.** While existing estimates are static tables for individual reforms, SALTernative is flexible, open‑source, and free. |
| 18 | + |
| 19 | + |
| 20 | + |
| 21 | +## What you can do with SALTernative |
| 22 | + |
| 23 | +| Question | How the tool helps | |
| 24 | +| ------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------- | |
| 25 | +| _“What if we doubled the SALT cap for married couples but kept the AMT?”_ | Toggle a checkbox and compare distributional and budget impacts side‑by‑side. | |
| 26 | +| _“If TCJA expires, how large is the effective SALT cap for a $250,000‑income household in New Jersey?”_ | Enter the household in the **Personalized Calculator** and view the value (it depends on other factors like mortgage interest). | |
| 27 | +| _“How much revenue would repealing both SALT and the AMT raise or lose over 2026‑35?”_ | Run the scenario and read the ten‑year budget window total. | |
| 28 | + |
| 29 | +Key features at launch include: |
| 30 | + |
| 31 | +- **Current‑law vs. current‑policy baselines.** Simulate against either an automatic TCJA sunset or a full extension. |
| 32 | + |
| 33 | +- **Behavioral responses.** Optionally incorporate CBO elasticities so earnings adjust when marginal tax rates change. |
| 34 | + |
| 35 | +- **Transparent methodology.** We’ve developed the tool [open-source on GitHub](https://github.com/PolicyEngine/salt-amt-calculator/), using the open-source PolicyEngine US microsimulation model — including a full set of state income tax rules, critical for SALT and AMT calculations. |
| 36 | + |
| 37 | + |
| 38 | + |
| 39 | +## Join us to learn more — April 24 webinar |
| 40 | + |
| 41 | +We’re hosting a **joint webinar with [Arnold Ventures](http://arnoldventures.org)** (whose generous support made SALTernative possible) on **Thursday, April 24, at 10 AM ET**. |
| 42 | + |
| 43 | +We’ll walk through live demos, answer technical questions, and discuss how analysts are already using the model. |
| 44 | + |
| 45 | +👉 [**Register here**](https://arnoldventures.zoom.us/webinar/register/WN_qvtqn6DbRZeRzMaIWDwUDg#/registration) |
| 46 | + |
| 47 | +## Get started |
| 48 | + |
| 49 | +1. Head to [**policyengine.org/us/salternative**](https://policyengine.org/us/salternative). |
| 50 | + |
| 51 | +1. Choose a baseline, adjust SALT and AMT settings, and watch the charts update. |
| 52 | + |
| 53 | +1. Share your findings, cite the model, and help create **a world guided by transparent, verifiable evidence.** |
| 54 | + |
| 55 | +_Thank you to Arnold Ventures for supporting this work, and to our open‑source contributors who reviewed code, built datasets, and stress‑tested the interface._ |
| 56 | + |
| 57 | +See you at the webinar! |
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