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Cory Booker. Photo: Ethan Miller/Getty Images

2020 Democratic candidate Sen. Cory Booker (D-N.J.) released a housing plan for his campaign on Wednesday.

Why it matters: One of the flashiest policies in Booker's plan, which identifies low-income access to housing as a top priority, is a tax credit for renters to prevent them from spending more than 30% of their income on rent. The novel proposal comes as Democrats attempt to set themselves and their policies apart in a packed field.

  • The credit would make up the gap between 30% of an individual's income and the fair-market rent in their neighborhood — and it would not include an income cap to limit participation. It would apply to 57 million Americans, according to the New York Times.

Other highlights from the proposal:

  • Requiring $16 billion of current annual funding from federal aid and infrastructure programs to be "subject to local governments demonstrating progress towards reducing barriers to affordable housing."
  • Creating new units for low-income renters: Placing $40 billion in the Housing Trust Fund annually for rentals. This policy is aimed at those earning less than the federal poverty level or 30% of an area's median income.
  • Funding states and communities that provide a right to counsel for low-income tenants facing eviction, through a national Eviction Right to Counsel Fund.
  • Passing the Equality Act and amending the Fair Housing Act to criminalize discrimination based on sexual orientation or gender identity.

Go deeper: Cory Booker on the issues, in under 500 words

Go deeper

Updated 7 mins ago - World

At least 3 dead after Tonga volcano eruption and tsunami

A satellite image of the explosive eruption of the Hunga Tonga-Hunga Ha'apai volcano on Saturday. Photo: UNICEF/NOAA

At least three people are confirmed to have died in Tonga following the undersea volcanic eruption that sent tsunami waves toward the island nation and across the Pacific over the weekend, officials said Tuesday.

The big picture: Officials reported major damage along the western coast of the main island of Tongatapu, where the capital, Nuku'alofa, was covered in ash and dust, including on the runway of the airport. Officials in Tonga confirmed three deaths in the country's first official statement since the crisis began.

Mike Allen, author of AM
1 hour ago - Economy & Business

Charted: GOP surged as Biden slumped

Expand chart
Reproduced from Gallup. (Independents were asked their party leaning.) Chart: Axios Visuals

Gallup polling found a huge shift in party preference over the course of 2021, from a 9-point Democratic advantage in the first quarter to a 5-point Republican edge in the fourth quarter.

Why it matters: It's the biggest swing in one calendar year for Gallup's 30 years of tracking.

Miriam Kramer, author of Space
2 hours ago - Science

A new NASA astronaut corps for the next era in space

Illustration: Aïda Amer/Axios

NASA's next crewed missions to the Moon will need a larger, differently-trained and multi-skilled astronaut corps to deliver on the agency's ambitions.

Why it matters: NASA has plans to fly astronauts to the surface of the Moon in 2025 and ultimately establish a long-term presence there. That goal requires a robust corps with new, specialized training in what it takes to live and work on the Moon — and NASA needs to start planning now.