In Iowa, Cory Booker explains how he'd spend trillions to boost American workers' income
SIOUX CITY, Ia. Sen. Cory Booker explained to Iowans this week how he would use trillions of federal dollars to help working Americans.
The New Jersey Democrat barnstormed the western half of the state, talking up his proposal to fight poverty by making millions more Americans eligible for the federal earned income tax credit. The program boosts workers' income by up to $6,500 per year.
Its a direct support for working families, the presidential candidate told voters in Sioux City. The proposal is different from most previous tax cuts, which gave most relief to wealthy people while promising that benefits would trickle down to those below, he said. "That is broken economics," he said.
Unlike many credits, the earned income tax credit can be claimed even by Americans who make too little money to pay federal income taxes. It amounts to a refund check.
Read more: https://www.desmoinesregister.com/story/news/elections/presidential/caucus/2019/04/17/election-2020-cory-booker-earned-income-tax-credit-workers-pay-iowa-caucus-trillion-democrats/3493619002/