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The day the Americans met the annual deadline to file their tax returns, the presidential candidate, Senator Cory Booker, unveiled a plan that he said would cut taxes for some 150 million people.
The New Jersey Democrat proposed Monday what he called the increase credit, which would almost double the number of people eligible to receive the benefits of the existing earned income tax credit.
"Creating a fairer and fairer tax code starts with putting money in the pockets of Americans struggling to get ahead," the senator said in a statement.
CORY BOOKER DOES NOT CHOOSE AND THIS IS END OF HIS CAMPAIGN
Booker's plan would increase the eligibility limit for the activity tax credit from $ 54,000 to $ 90,000 for married couples, which according to his campaign would allow more working and middle-class families to enjoy it.
The campaign added that skilled workers with no children at home would benefit from a maximum individual credit of $ 4,000, nearly eight times what they currently receive from home. tax credit.
The campaign – calling his plan a dramatic increase in the tax credit – revealed that the Fiscal Policy Center, an impartial party, estimated that the expansion of this credit would affect 154 million people and that Booker's plan would lift 15 million people. get out of poverty.
BOOKER VELE TO 'BRING A COMBAT TO THE NRA & # 39;
Booker stated that the funds needed to cover the expanded tax credit would come from taxing capital gains at the same rates as other income.
"Cory would help finance the Rise Credit by ending the preferential tax treatment of capital gains investment income, which primarily favors the wealthiest Americans, because the income from the sale of shares and shares of the capital gains is higher. other investments should be taxed in the same way as labor income, "said his campaign.
Booker lamented that "family incomes do not keep up with the cost of living and that many people live paychecks with little savings".
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"But instead of helping hard-working Americans who are struggling to get out of it, our tax code focuses the benefits on those at the top. It is inconceivable that hedge fund managers could pay a lower percentage of their income in taxes than their secretaries. This is wrong and it must change, "he said.
Booker was due to present his credit enhancement plan at a campaign event later Monday in Sioux City, Iowa, as well as at events in Des Moines, Iowa, and Carroll, in New York. Nevada, Tuesday.
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