April 16, 2019

OUR TWO REPUBLICAN PARTIES:

Cory Booker unveils plan to cut taxes for half the country (Benjy Sarlin, 4/15/19, NBC News)

Fresh off launching a national campaign tour over the weekend, Sen. Cory Booker, D-N.J., unveiled a new proposal on Monday to cut taxes for over 150 million Americans.

The Rise Credit, as the campaign has dubbed it, would expand on the existing Earned Income Tax Credit, which supplements wages for lower-income workers.

Booker's plan calls for expanding the tax credit's benefits to higher incomes -- from a maximum income of $54,000 to $90,000 for married couples -- and raising the maximum benefits as well. Joint filers could receive a 25 percent higher maximum credit, topping out at about $8,000 per year. The plan includes a bigger bump in benefits for childless workers, whose tax credit payout is currently capped at about about $500, but would rise up to about $4,000 under Booker's plan.

In 2019, Socialism is basically Reaganism.

Posted by at April 16, 2019 12:01 AM

  

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