Cory Booker Proposes Giving $50,000 Each to Low-Income Kids Presidential hopeful Cory Booker has a plan to end "generational poverty." The New Jersey senator wants to implement legislation to give nest egg payments to low-income kids. These "opportunity" accounts would allow the kids to afford college tuition or a down payment on a house. Sen. Cory Booker, via 'Vox' The American Opportunity Accounts Act Booker's plan specifically focuses on closing the income gap between minorities and whites. Today, the median white family holds 10 times the wealth of the median black family.