"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.
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"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."
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"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."
@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.
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@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.
@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.
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