Politics - CBSNews.com
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Two Democratic lawmakers are proposing tax overhauls that would eliminate federal income taxes for millions of Americans.
The two bills — one backed by Sen. Cory Booker of New Jersey, and the other from Sen. Chris Van Hollen of Maryland — are rolling out as Republicans tout the impact of the tax cuts enacted under the "big, beautiful bill." Those new tax breaks, which include a $6,000 deduction for senior citizens and no taxes on tips and overtime, are projected to lift the average tax refund by about $1,000 this year.
Under Booker's and Van...
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