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Booker pushes plan to cut taxes for workers by Hiking capital gains tax

nearvideo Corey Booker officially launches 2020 campaign

On the day that the Americans, in view of the annual period, your tax returns, presidential candidate Sen. Cory Booker unveiled a plan he said, would cut taxes for 150 million people.

The New Jersey Democrat on Monday proposed what he calls the rise of the Credit, which would almost double the number of people entitled to the benefits of the existing Earned Income Tax Credit.

“The creation of a fairer, more equitable tax code begins with putting money in the pockets of Americans struggling to get ahead,” the senator said in a statement.

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Booker’s plan would raise the ceiling for eligibility for the Earned Income Tax Credit to a maximum of $54,000 to over $90,000 for married couples, said his campaign, they would allow more working-and to enjoy middle-class families.

The campaign added that the skilled workers would have received without children at home, the maximum individual loan of $4,000, nearly eight times what they get currently from the tax credit.

The campaign, campaigned for his plan, “the dramatic expansion of tax-credit – lighted, the non-partisan Tax Policy Center estimates that extending the tax credit would benefit, impact on 154 million people and propagated that Booker’s plan would raise about 15 million people out of poverty.

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Booker said the funds would come to cover the extended tax relief, the taxation of the capital gains income at the same rates as other income.

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“Cory would help, the increase in Credit-to-end the preferential tax treatment of capital income of capital income, the said mostly the richest Americans favored, because the revenue from the sale of shares and other investments should be taxed as income from work,” his campaign.

Bucher complained that “families, the income keep pace with cost-of-living, and many people live paycheck to paycheck with little to nothing left to save.”

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“But instead of helping hard-working Americans, have to fight through, in order, our tax code is concentrated benefits for those at the top. It is irresponsible, that hedge Fund Manager pay a lower percentage of their income in taxes than their secretaries. This is wrong and must change,” he said.

Booker was scheduled to mark his ascent credit plan at a campaign event later Monday in Sioux City, Iowa, as well as events in Des Moines, Iowa, Carroll, Nevada, on Tuesday.

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