1. United States
2. N.Y.
3. Letter

I urge you to co-sponsor and support the Keep Your Pay Act, a bold and equitable tax reform proposal introduced by Senator Cory Booker (D-NJ) to ensure that working families keep more of their hard-earned income.  This bill would eliminate federal income tax on the first $75,000 of household income, dramatically increasing the standard deduction to $75,000 for married couples filing jointly, with proportional relief for single filers and heads of household.  Under this plan, the median American family would see their federal income tax reduced by an estimated 85%, putting thousands of dollars back into their pockets each year to cover everyday expenses, emergencies, or future savings Below is an AI summary of the bill….. Senator Cory Booker introduced the Keep Your Pay Act, a proposed tax reform aimed at providing significant tax relief to working families.  The centerpiece of the plan is making the first $75,000 of income tax-free for married couples filing jointly, with proportional tax relief for single filers ($37,500 threshold) and heads of households ($56,250 threshold).  This would more than double the current standard deduction, meaning the majority of taxpayers would pay no federal income tax on their first $75,000 of earnings.  The proposal includes major expansions of key tax credits: • Child Tax Credit increased to $3,600 per child aged 6–17 and $4,320 for children under six, with a $2,400 "baby bonus" in the year a child is born.  • Earned Income Tax Credit (EITC) expanded to include younger workers (19–24) and older workers (65+), with the credit value tripled.  The plan is projected to cut the median American family’s federal taxes by about 85% and would be fully funded by closing tax loopholes used by the ultra-wealthy and large corporations, including raising corporate tax rates, taxing stock buybacks, and limiting executive compensation deductions.  Senator Booker announced the bill during a roundtable in Bloomfield, New Jersey, emphasizing that it would help working people keep more of their paychecks and restore fairness to the tax system. A tax calculator is available on his website to estimate individual savings.