WASHINGTON, March 9 -- Sen. Cory Booker issued the following press release:
Today, U.S. Senator Cory Booker (D-NJ) unveiled the Keep Your Pay Act (https://www.booker.senate.gov/news/press/booker-announces-keep-your-pay-act) alongside New Jerseyans with a roundtable discussion. The proposal would cut taxes for working New Jerseyans and unrig America's tax system by requiring the wealthiest few and big corporations to finally pay their fair share.
The centerpiece of Booker's plan is a straightforward idea: the first $75,000 of income would be tax-free for households filing jointly, with proportional tax relief for single filers and heads of households. The plan would more than double the standard deduction for all taxpayers. This means the ...