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Cory Booker at his kickoff speech in Newark, New Jersey. Photo: Eduardo Munoz Alvarez/Getty Images

While campaigning in Iowa today, 2020 candidate Sen. Cory Booker unveiled a new policy called the "Rise Credit" that aims to expand eligibility for the Earned Income Tax Credit (EITC) to more working and middle-class families.

Why it matters: Expanding the EITC is an example of some of the niche policy ideas that are becoming mainstream among 2020 Democrats. It's often referred to as a "cost-of-living refund" by activist groups.

The announcement could bolster Booker's reputation as a leading voice on economic redistribution, a position that Elizabeth Warren has firmly staked out. It's also a topic that he highlighted at his kickoff speech in Newark, New Jersey, last weekend.

  • "Creating a fairer, more just tax code begins with putting money in the pockets of Americans who are struggling to get ahead," Booker said.

The backdrop: Adam Ruben, the director of the Economic Security Project Action, has been pushing 2020 candidates like Booker, Warren and Kamala Harris to propose EITC expansion plans.

  • “We’re glad that this bold idea is fast gaining traction among 2020 candidates and Democrats across the country at the federal and state levels,” Ruben said.These direct cash policies are one of the most powerful — and by far the most direct — weapons to fight economic and racial injustice.”
  • Harris' Lift Act is another example of an EITC expansion plan that Ruben's group supports, though they'd like to see it extend to non-traditional workers like caregivers.

Details: Booker's Rise Credit would nearly double EITC income eligibility — which was previously a maximum of just over $54,000 — to $90,000 for a married couple.

  • Eligible workers without children living at home would receive a maximum individual credit of $4,000, roughly 8 times what they get from the EITC today.
  • The maximum EITC credit would increase by 25% under Booker's plan, amounting to more than $650 per month for a married couple.
  • One of the more niche aspects of the expansion, which has been pushed by Ruben's group, is to redefine "traditional" work so that more people are eligible for the EITC. Booker's plan would include family caregivers and low-income students, who otherwise wouldn't benefit from this tax credit and who aren't included in all of the 2020 candidates' plans.
  • The Rise Credit would also change the age qualifications, allowing people 18 and older to be eligible to receive the EITC.

Go deeper: Everything you need to know about Cory Booker

Go deeper

Scoop: Stephanie Ruhle to replace Brian Williams on MSNBC

Photo: Nathan Congleton/NBCU Photo Bank/NBCUniversal via Getty Images via Getty Images

MSNBC will soon announce plans to move morning anchor Stephanie Ruhle to the 11 pm ET hour that Brian Williams turned into an elite destination, two sources familiar with the move tell Axios.

Details: The 9 am ET hour, currently hosted by Ruhle, will become part of MSNBC's flagship morning show, "Morning Joe," which currently runs from 6 am to 9 am ET.

Oath Keepers leader denied bail on Capitol riot sedition charge

Oath Keepers co-founder Elmer Stewart Rhodes. Photo: Susan Walsh/AP

A federal judge ordered Oath Keepers leader Stewart Rhodes to remain jailed Wednesday until trial on charges stemming from the Capitol riot.

Why it matters: The judge said the most prominent far-right figure charged in the Jan. 6, 2021, insurrection had access to weapons and his alleged "continued advocacy for violence against the federal government" gave credence to prosecutors' view that, if released, Rhodes could endanger others.

Who in Congress is talking about Ukraine the most

Data: Quorum; Chart: Will Chase/Axios

Mentions of Ukraine or Ukrainian President Volodymyr Zelensky in congressional statements and social media posts have been on the rise — with nearly 1,000 already this month, according to data from Quorum.

Why it matters: The growing threat of a Russian invasion has been mirrored by a growth in Ukraine-related chatter.

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