Trump floats plan to end taxes on tips, though experts raise doubts [View all]

Source: Nebraska Examiner

By: Ashley Murray - June 10, 2024 6:13 pm

WASHINGTON — Economists across the ideological spectrum raised doubts about the cost and workability of former President Donald Trump’s proposal over the weekend to exempt tips from federal taxes if he wins in November.

During a campaign rally Sunday in Las Vegas, where hundreds of thousands work in the hospitality industry, Trump promised service workers that they would no longer have to pay federal taxes on tipped income if the presumptive Republican nominee wins a second term.

The roughly 6 million tipped workers in the United States, as of the latest data available from 2018, make up a small fraction of the country’s 150 million taxpayers, but campaigning on tax cuts for certain demographics is increasingly a top issue leading up to November’s presidential election.

“This is the first time I’ve said this, and for those who work at hotels and people that get tips, you’re gonna be very happy because when I get to office we are going to not charge taxes on tips, on people making tips,” Trump said to cheers at the rally.



Read more: https://nebraskaexaminer.com/2024/06/10/trump-floats-plan-to-end-taxes-on-tips-though-experts-raise-doubts/