Cory Booker: “If you're making for your family in New Jersey and you know…”

“So, so far I've rolled out a big idea. Raise the standard deduction to $75,000. And if you're making your family's making $75,000, you're paying no, no federal income tax. If you're making for your family in New Jersey and you know these families, making $110,000 for your family income, you got two kids, that would mean you would get to keep about $10,000 more of your hard earned money. You know this woman, she's by the North Ward center. She's a single mom making $60,000 a year with a young child. She would keep 10% of her money, $6,000 more.” (11:16–11:28)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.