U.S. Senators Tammy Baldwin and Cory Booker unveil new tax plan

Posted at 6:24 PM, Oct 06, 2017
and last updated 2017-10-06 19:24:21-04

A tax plan that rewards work, that's the idea behind a tax reform effort from Sens. Tammy Baldwin and Cory Booker.

This plan comes on the heels of the Republican tax plan that rolled out last week. The Baldwin-Booker plan is unique in that it combines transitional job programs and expands both the earned income tax credit for working adults and expands child tax credits.

"These strategies combined make such a difference. Each of its components has received bi-partisan support in the past," Baldwin said.

That's why she hopes support from GOP lawmakers will remain.

"If passed and fully implemented, it could actually reduce poverty in this country by almost half," Baldwin said.

Baldwin said the Republican tax reform plan released last week is just trickledown economics and won't benefit the middle class like her plan.

The Republican Party of Wisconsin released a statement about Senator Baldwin’s plan. It says in part:

"Senator Baldwin lost all credibility on the issue of tax reform when she co-sponsored Bernie Sanders' $32 trillion plan for a government takeover of healthcare and the tax increases that come with it."