Mr. Booker, who has been talked about as a potential presidential contender since his days as mayor of Newark, has been stuck polling around 2 percent in most surveys. At the center of Mr. Booker’s proposal is the renters’ tax credit, which would cover the difference between 30 percent of a person’s income and the fair-market rent in his or her neighborhood. There would not be an income cap limiting who could qualify, according to the campaign, which said the median participating family would receive $4,800 per year. It did not propose specifically how to pay for the plan beyond rolling back changes to the estate tax made by President Trump, which it said would raise about $25 billion annually. The remainder, the campaign said, would come from restoring various taxes that were cut in the Republican-led tax overhaul from 2017.

Source: New York Times June 05, 2019 10:01 UTC