Sen. Cory Booker said he plans to introduce legislation Tuesday that would raise the standard deduction to $75,000 for married couples filing jointly. Under the proposal, the standard deduction would be $37,500 for single filers and $56,250 for heads of household.

Booker said the measure is intended to reduce federal income taxes for low- and middle-income households. “American households don’t pay taxes on their first $75,000 of earnings,” Booker said in an interview.

The proposal would expand a benefit that was increased in recent years under the 2017 Tax Cuts and Jobs Act and subsequent legislation. Current 2025 standard deductions are $32,200 for married couples filing jointly and $16,100 for single filers.

Booker’s bill would also increase child-related tax benefits. The legislation would raise the child tax credit to $4,320 for children under age six and $3,600 for children ages six through 17, and it would add a $2,400 credit in the year a child is born.

Booker said the proposal would be paid for through higher taxes on upper-income earners and corporations, along with other revenue measures, but details of specific offsets were not included. A formal cost estimate had not been released.

The measure faces uncertain prospects in Congress. Booker has supported broader tax changes in the past, including proposals focused on child savings and credits, and Tuesday’s bill adds to ongoing debate over the size and structure of federal tax benefits.

Source: Ahead of 2028, Sen. Cory Booker to unveil bill to make $75,000 in income tax-free | NBC News