Booker's Tax Plan: $75K Tax-Free, $4.3K Child Credit
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Senator Cory Booker proposes a bill to make the first $75,000 of annual income tax-free for many households, doubling the standard deduction for singles and heads of household. The plan also boosts family support with a child tax credit and a baby bonus, while raising taxes on high earners and corporations to cover costs. This proposal keeps the debate alive on helping everyday Americans, despite Congress not planning a full tax code overhaul.
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