No taxes on tips? Here’s why experts are against Donald Trump’s plans to exempt tips from federal taxes
US President Donald Trump, addressing a rally in Las Vegas on Saturday, reiterated his commitment to exclude workers' tips from federal taxes.
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The proposal, aimed at benefitting millions of hospitality and service industry workers, has sparked widespread debate among labor groups, economists, and political leaders, as mentioned in a report by Business Insider.
A Key Policy Proposal for Service Industry Workers
During the event, Trump told a cheering crowd that he would collaborate with Congress to advance legislation supporting the exemption. «No tax on tips!» he declared, framing the initiative as a means to ease financial burdens on tipped workers.
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Nevada, with its robust hospitality sector, has been a focal point of Trump’s outreach efforts, given its substantial tipped workforce and his past electoral success in the state.
Trump’s plan aligns with his broader economic agenda, which he claims seeks to uplift workers while fostering job growth. He also hinted at a wage increase for workers but did not provide specific details during his speech.
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