Sen. Cory Booker proposes new 'Keep Your Pay Act' that would eliminate federal income tax on first $75,000

Sen. Cory Booker proposes new 'Keep Your Pay Act' that would eliminate federal income tax on first $75,000

New Jersey Sen. Cory Booker has unveiled a new tax plan titled the "Keep Your Pay Act," centered on eliminating income tax on the first $75K.

"Keep Your Pay Act": Senator Proposes Plan To Dramatically Cut Income Taxes For Ordinary Americans, Hugely Boost Child Tax Credit - The American Tribune.com

In a somewhat surprising reach across the aisle, particularly for a critical midterm election year, Sen. Cory Booker (D-NJ), who is normally a virulently anti-Trump politician, revealed a law he wants to pass in which taxes would be dramatically cut for ordinary Americans by eliminating income taxes completely on the first $75,000 of income for married couples that are filing jointly, along with a large increase in the child tax credit. Such is …

Senator Cory Booker Unveils The 'Keep Your Pay Act'

U.S. Senator Cory Booker has introduced the Keep Your Pay Act (March 2026). ​According to NBC New York, the proposed policy seeks to restructure the federal tax system for working- and middle-class Americans. The focus of the bill is to eliminate federal income tax on the first $75,000 of earnings for households filing jointly. Also, to extend relief for single filers. ​To make it happen, Booker proposes doubling the standard deduction, which wo…