Presidential candidate Cory Booker on Monday suggested a substantial expansion of the earned income tax credit he said would reduce the tax bill for nearly half of citizens.
The senator from New Jersey, that recently established a national tour aimed at fostering his 2020 presidential proposal, touted the program during a campaign event in Iowa as making an tax code”which reflects our values” His statement came on the date that many Americans’ taxes are the result of the IRS.
“Why should somebody who works for a hedge fund in new york, who makes a million dollars annually, pay less taxes compared to the schoolteacher?” The audience was asked by him .
Booker suggested his tax policy might boost the market.
“We’re a consumption-based society. Giving tax credits directly to the folks who spend the majority of our society actually will grow our market,” he said.
Schor contributed to this report from Washington.