Booker Unveils Tax Credit Plan Ahead of Iowa Campaign Event

Presidential hopeful proposes significant expansion of eligibility for the earned income tax credit

After kicking off the first national tour of his presidential campaign in Newark Saturday, Sen. Cory Booker took his “Justice For All” tour to Sioux City, Iowa.

On Monday — which was Tax Day — the theme was economic justice, as Booker unveiled a proposal to expand eligibility for the earned income tax credit. The proposal would:

  • Hike income eligibility from $54,000 to $90,000 for married couples;
  • Increase the maximum credit to $8,000 for married couples and $4,000 for individuals;
  • Expand eligibility to low-income students and family caregivers.
  • Booker’s campaign said 15 million Americans would be lifted out of poverty if this plan were put into effect.