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Sen. Cory Booker proposes tax-free income up to $75K for couples, expanding credits and targeting wealthier earners for funding.
Sen. Cory Booker, D-N.J., has introduced a tax proposal that would make the first $75,000 of income tax-free for married couples, $37,500 for single filers, and $56,250 for heads of household—more than doubling current standard deductions.
The plan includes expanded child tax credits of $4,320 for children under 6 and $3,600 for ages 6 to 17, plus a $2,400 “baby bonus” for new parents.
Aimed at boosting take-home pay and simplifying the tax code, the bill would be funded by higher taxes on wealthy individuals and corporations and closing tax loopholes, though specific details are pending.
While no immediate legislative action is expected, the proposal signals Booker’s potential 2028 presidential ambitions and reflects Democratic priorities on economic fairness.
El senador Cory Booker propone ingresos libres de impuestos de hasta 75 mil dólares para parejas, expandiendo los créditos y apuntando a los más ricos para la financiación.