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Cory Booker

All articles tagged with #cory booker

Booker presses Ellison to testify on Paramount-WBD merger in Congress
politics1 month ago

Booker presses Ellison to testify on Paramount-WBD merger in Congress

Sen. Cory Booker says he still wants Paramount CEO David Ellison to testify on the Paramount-WBD merger in Congress, keeping the invitation open after a spotlight hearing highlighted concerns about jobs and media influence. Ellison reportedly could not attend due to a family funeral, with Booker urging him to defend the merger and critics warning about concentration of power and its impact on the industry and free expression.

Booker to Spotlight Paramount-WBD Merger in Senate Hearing
politics1 month ago

Booker to Spotlight Paramount-WBD Merger in Senate Hearing

Sen. Cory Booker will hold a “spotlight hearing” in the Senate to scrutinize Paramount’s proposed merger with Warner Bros. Discovery and has invited Paramount CEO David Ellison to testify, though he cannot attend due to a family funeral. The event, not an official Judiciary Committee hearing, is meant to focus attention on the deal’s competitive effects; witnesses include David Borenstein, Michael Isaac, Katie Phang, and Mara Verheyden-Hilliard, with industry figures like Edward Norton, Pedro Pascal and others backing an open letter opposing the merger organized in part by Jane Fonda’s First Amendment Committee and the Democracy Defenders Fund. Paramount has argued the merger is procompetitive and would increase content to compete with Netflix, a point highlighted after The New York Times reported Booker’s outreach.

Booker proposes $75K standard deduction to reshape taxes
politics2 months ago

Booker proposes $75K standard deduction to reshape taxes

Sen. Cory Booker says he will introduce a tax bill to expand the standard deduction to $75,000 for married couples (and $37,500 for individuals), with $56,250 for head-of-household filers, effectively making the first portion of earnings untaxed and nudging taxpayers toward the standard deduction. The plan, which lacks a price tag, would be funded by higher taxes on the wealthy and corporations and by closing loopholes. It would also raise the child tax credit to $4,320 per child under 6 and $3,600 per child 6–17 and add a $2,400 baby bonus. Booker frames the idea as a big, broadly beneficial reform, though there is no current timeline and the proposal's fate in a stalled Congress remains uncertain.