‘Rise’ credit one key to Cory Booker’s tax plan

4 The Record

Senator Cory Booker is taking an aggressive approach to differentiate himself from the other Democrats with some of his policy ideas.

One relates to taxes and what he calls the rise credit.

Here’s the second part of our conversation on this week’s 4 The Record.

Taxes

Booker’s big ticket item is expanding the earned income tax credit by 25 percent and making a lot more taxpayers eligible for it — not just people who are very low-income.

He calls it the “rise” credit. It could be worth about $8,000 a year to married couples.

Booker made his argument against the criticism that this is just another liberal giveaway and entitlement program and explained how he would pay for that.

Watch the full conversation in the video above.

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