Posted on 06/14/2024 8:44:23 PM PDT by SeekAndFind
Former President Donald Trump is putting American workers first— unlike the incumbent leader in the White House now.
Trump discussed the proposal of eliminating taxes on servers' tips in his pitch for a new policy position that could inch him closer to victory in November.
The former president introduced the idea during a rally in Nevada over the weekend where many Americans work at hotels, restaurants, and in the entertainment business and rely on tips to make ends meet.
“This is the first time I've said this and for those hotel workers and people that get tips, you're going to be very happy, because when I get to office, we are going to not charge taxes on tips, people making tips,” Trump said. “It’s been a point of contention for years and years and years, and you do a great job of service, you take care of people, and I think it's going to be something that really is deserved.”
His proposal was met with praise from Republicans and even a few Democrats who were reluctant to oppose the idea.
Sen. Ron Johnson (R-Wis.) said the former president has a “dark good idea,” saying that Trump sold Republicans when he floated his no-tax proposals.
“One of the reasons he's doing this [is] because the Biden administration is taking on onerous reporting regulations. They want to make sure they get every tax, every little penny of tip. And this [is] just a total break from that,” Johnson said.
House Appropriations Chairman Tom Cole (R-OK) also praised the idea, saying said that “It’s true, gifts aren’t a taxable item, so there’s considerable merit to that in my view.”
Committee member Brad Wenstrup also touted Trump’s idea after saying that he waited tables for nine years, believing the topic deserves a conservation.
Democrat Ways and Means member Dan Kildee (D-Mich) also said that he was open to the idea of eliminating taxes for service workers. However, he still downplayed Trump’s economic policies as an election ploy.
“If what we’re talking about is giving more tax relief to working people, the method we use to get there, I’m open to conversation on that,” Killed said. “When it comes to tax policy, we do not have a tax code that requires the wealthiest and well-connected to pay their fair share. That’s got to be our first priority.”
Trump said he got the idea after talking to a waitress who said she struggles to make ends meet every month.
“”””So all waiters and waitresses are hookers in your world.””””
Wow, just getting weirder.
answer to this is to make those jobs that have alternative minimum wages, such as waiters, that have tips as a required compensation, to no long be exempted for the current minimum wages.
If McDonalds staff get paid minimum wage, I fail to see why a diner shouldn’t.
I really despise these little cutouts for special interests in laws, like this one.
only ones that sort of make sense are the agricultural ones.
THE LIMIT For GIFTS without taxes is around $17,000.
IF a well to do person can GIFT his kids every year-—why is this wrong?
The paperwork restaurants is onerous, also.
The flip side is a guaranteed tip can make some servers lazy.
I'm happy whenever people get to keep more of their own money. Government sucks.
Actually it was passed the first time during the Reagan Presidency, and the rate was 50%, Reagan signed it into law in 84. Uncle Joe voted for it then, then in 94 they raised it to 85% which Billy Jeff signed.
no, BJ just raised it from 50% to 85% of SSI can be taxed. Ronald Reagan signed the initial SSI Taxable income into law in 1983. The senate passed that little ditty 88-9
This made 50% of SSI taxable income.
03/09/1983 House H.Amdt.23 Amendment Passed in Committee of the Whole by Recorded Vote: 228 - 202 (Record Vote No: 22).
03/23/1983 Senate Passed Senate with amendments by Yea-Nay Vote. 88-9. Record Vote No: 53.
04/20/1983 Signed by President.
The Omnibus Budget Reconciliation Act of 1993 (or OBRA-93) was a federal law that was enacted by the 103rd United States Congress and signed into law by President Bill Clinton on August 10, 1993.
The portion of Social Security benefits subject to income tax Passed the House on May 27, 1993 (219-213)
Passed the Senate on June 25, 1993 (50–49) with amendments was raised from 50% to 85%.
Signed into law by President Bill Clinton on August 10, 1993
Biden vote yes both times.
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