Jun 5, 2019

Cory Booker debuts tax credit for renters in 2020 housing plan

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

Minneapolis unrest as hundreds protest death of George Floyd

Tear gas is fired as police clash with protesters demonstrating against the death of George Floyd outside the 3rd Precinct Police Precinct in Minneapolis, Minnesota, on Tuesday. Photo: Stephen Maturen/Getty Images

Minneapolis police used tear gas during clashes with protesters demanding justice Tuesday night for George Floyd, an African American who died in police custody, according to multiple news reports and images shared to social media.

Driving the news: The FBI is investigating Floyd's death after video emerged of a Minneapolis police officer kneeling on his neck for several minutes, ignoring protests that he couldn't breathe. Hundreds of protesters attended the demonstration at the intersection where Floyd died, per the Guardian.

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

The number of deaths from the novel coronavirus surpassed 350,000 globally on Wednesday morning, per Johns Hopkins data.

By the numbers: More than 5.9 million people have tested positive for COVID-19 and over 2.2 million have recovered from the virus. The U.S. has reported the most cases in the world (over 1.6 million from 14.9 million tests).

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 3:00 a.m. ET: 5,594,175 — Total deaths: 350,531 — Total recoveries — 2,288,579Map.
  2. U.S.: Total confirmed cases as of 3:00 a.m. ET: 1,681,418 — Total deaths: 98,929 — Total recoveries: 384,902 — Total tested: 14,907,041Map.
  3. Federal response: DOJ investigates meatpacking industry over soaring beef pricesMike Pence's press secretary returns to work.
  4. Congress: House Republicans to sue Nancy Pelosi in effort to block proxy voting.
  5. Business: How the new workplace could leave parents behind.
  6. Tech: Twitter fact-checks Trump's tweets about mail-in voting for first timeGoogle to open offices July 6 for 10% of workers.
  7. Public health: Coronavirus antibodies could give "short-term immunity," CDC says, but more data is neededCDC releases guidance on when you can be around others after contracting the virus.
  8. What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Updated 1 hour ago - Politics & Policy