CARROLL, Iowa — About 50 Iowans heard a personal pitch from U.S. Senator Cory Booker of New Jersey, a Democratic presidential candidate, about how he will lift people out of poverty.
“The ideas that I have,” Booker told the crowd, “are common sense.”
Booker is putting what he calls the Rise Credit. Currently, a couple had make up to $54,000 a year and qualify for the Earned Income Tax Credit. Booker would up that to $90,000, which his campaign would nearly double the total number of impacted Americans to 150 million.
“We should have a tax system that benefits workers. I’m sorry, but enough with these ideas that if we give the richest among us tax breaks then somehow that’s going to help us all,” Booker said as he explained his idea.
The non-partisan Tax Policy Center estimates Booker’s plan would add $2.5 trillion to the national debt, which now stands at nearly $22 trillion.
Booker said that he would pay for his plan by raising taxes on capital gains. Those taxes currently stand at a maximum of 20 percent but are lower than the person’s income tax rate. Booker would make them the same.
DES MOINES, Iowa — Two presidential candidates hoping to win the Democratic Party’s nomination will be in central Iowa Tuesday.
New Jersey senator Cory Booker will stop in Carroll to host a Coffee with Cory meet and greet at 1:30. The stop at Queen Beans Coffee is part of a tour to outline his plans for economic justice for working families.
Later Tuesday, South Bend, Indiana mayor Pete Buttigieg will be hosting a town hall at Franklin Junior High School’s gym in Des Moines at 5:30 p.m.
This is his first stop in Iowa since formally entering the race on Sunday.