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Lawmakers Propose Major Tax Cuts for 60% of Households

5/1/2026

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Summary

Story summary

Rep. Josh Gottheimer (D-N.J.) proposed a 25% credit for goods sold in airports and train stations.
Lawmakers Bottoms and Porter would end teachers' tax and exempt the first $100,000 of income.
Sen. Cory Booker (D-N.J.) and Sen. Chris Van Hollen (D-MD) support bills to eliminate federal tax for households earning up to $75,000 and $92,000 respectively, which analysts say would erase taxes for 60% of households.

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Story summary

Rep. Josh Gottheimer (D-N.J.) proposed a 25% credit for goods sold in airports and train stations.
Lawmakers Bottoms and Porter would end teachers' tax and exempt the first $100,000 of income.
Sen. Cory Booker (D-N.J.) and Sen. Chris Van Hollen (D-MD) support bills to eliminate federal tax for households earning up to $75,000 and $92,000 respectively, which analysts say would erase taxes for 60% of households.