"Sen. Cory Booker, a potential 2028 Democratic presidential candidate, told NBC News he’ll introduce a tax bill this week to significantly expand the standard deduction, effectively lowering taxes on low- and middle-income earners.

[jalefkowit@vmst.io]

"Sen. Cory Booker, a potential 2028 Democratic presidential candidate, told NBC News he’ll introduce a tax bill this week to significantly expand the standard deduction, effectively lowering taxes on low- and middle-income earners.

The New Jersey senator’s plan would set the standard deduction at $75,000 for married couples, or $37,500 for individuals. That’s more than double what it is today: $32,200 for couples filing jointly and half that for single filers."

Ahead of 2028, Sen. Cory Booker to unveil bill to make $75,000 in income tax-free

Sen. Cory Booker, a potential 2028 Democratic presidential candidate, will introduce a tax bill to expand the standard deduction, making up to $75,000 tax-free.

NBC News (www.nbcnews.com)

#USPol

[jirikiha@raphus.social]

@jalefkowit I thought I was the only one thinking of increasing the standard deduction that much. It would go a long way to improving the lives of working Americans.

[jalefkowit@vmst.io]

@Jirikiha It won't go anywhere in this Congress (sigh), but it's an interesting statement of intent if he's trying to build a presidential platform.