Cory Booker

Tracking the 2020 Presidential Tax Plans

Booker’s Plan to Eliminate Step-up in Basis and Expand the Estate Tax

Removing step-up in basis would encourage taxpayers to realize capital gains and it would plug a hole in the current income tax, while increasing federal revenue. Combined, however, with the estate tax, this would result in a significant tax burden on certain saving by requiring both the appreciation in and total value of transferred property to be taxed at death

The Unintended Consequences of Senator Booker’s “Renters Credit”