Sen Cory Booker proposes ‘Keep Your Pay Act,’ eliminating federal income tax on first $75,000

[mystery-ak]

Sen Cory Booker proposes ‘Keep Your Pay Act,’ eliminating federal income tax on first $75,000
Keep Your Pay Act would reduce median family's federal income tax by estimated 85%
By Eric Mack Fox News
Published March 9, 2026 11:22am EDT

Sen. Cory Booker, D-N.J., facing a re-election campaign in 2026, announced a new tax-cut bill, the Keep Your Pay Act, that would eliminate federal income taxes on the first $75,000 of income for most households and expand key tax credits for working families.

Booker's plan increases the standard deduction to $75,000 for married couples filing jointly, with proportional relief for single filers and heads of household, reducing federal income tax on the median American family by an estimated 85%.

"New Jerseyans are working harder than ever, but they're struggling to get by because they're facing out of control costs and an economy that is stacked against them — so we need big ideas to start making the American Dream possible for everyone again," Booker wrote in a statement unveiling his bill. "No income tax on the first $75,000 families earn would be a game changer for working people."

"This tax cut would immediately put more money in your pocket every month to deal with the high price of everyday expenses, an unexpected emergency, or to plan for the future," he added.

more
https://www.foxnews.com/politics/sen-cory-booker-proposes-keep-your-pay-act-eliminating-federal-income-tax-first-75000

[DefiantMassRINO]

Payroll taxes on earned income need to be lowered the same effective tax rate for long-term capital gains.

Income is income.  No source of income is more virtuous than another.  All sources of income should be taxed at the same effective tax rate.

Paycheck earners are getting hosed.

[catfish1957]

Dims would like to take us back to 1950.  Here are the rates......   Just multiply incomes by about 13.   And little or no exemptions and deductions...

  Federal - 1951 Head of Household Tax Brackets

Tax Bracket    Tax Rate

$0.00+            20%
$2,000.00+    22%
$4,000.00+    27%
$6,000.00+    30%
$8,000.00+    35%
$10,000.00+    39%
$12,000.00+    43%
$14,000.00+    48%
$16,000.00+    51%
$18,000.00+    54%
$20,000.00+    57%
$22,000.00+    60%
$26,000.00+    63%
$32,000.00+    66%
$38,000.00+    69%
$44,000.00+    73%
$50,000.00+    75%
$60,000.00+    78%
$70,000.00+    82%
$80,000.00+    84%
$90,000.00+    87%
$100,000.00+    89%
$150,000.00+    90%
$200,000.00+    91%

[verga]

This is going nowhere.

[DefiantMassRINO]

Hey, Cory, if this proposal is sincere, why didn't Dems pass this when Biden was President and Dems had both Houses of Congress?

Dems will cut taxes for criminal illegal alien foreigners before they do anything to help American familes and workers.

Dems care more about the Replacements than they do about us.

[cato potatoe]

Exempting the majority of households from tax is a quick way to bring about fiscal Armageddon.  There would be no connection to what is spent other than through inflation, which is something most people don't even understand.

I assume they are going to remove the cap on Social Security wages in 2033.  Add federal and SALT on top of that, and we have blown past Scandinavia, while our government services are not improved one iota.  Sure we are going to attract international talent to pay for that.