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Tax removal from casino workers’ tips
US political figures discuss tax removal from casino workers’ tips.
Former US President Donald Trump and the presumptive Democratic nominee, Kamala Harris, are proposing to reduce tax on casino workers’ tips. With this proposal, they aim to appeal to workers and voters and win votes for the elections. However, this does not seem to be real.
Reducing taxes on workers’ tips would be tough because it would take away important funds from the federal budget. Plus, it could lead to employers and workers trying to reclassify parts of their pay as tips to avoid taxes.
Tipped workers are often younger and earn less, meaning they already pay lower taxes. So, reducing taxes on their tips might not significantly improve their living conditions.
Harris and Trump want to appeal to workers and voters in key states, but their proposals to reduce taxes on tips seem more like distractions than serious plans. Trump even complained online when Harris copied his idea, which might become a key point in the November election.
Neither candidate has clearly explained how they would implement this tax change without harming the economy. Experts think that while this could benefit casino workers and others who rely on tips, it wouldn’t help low-income workers as much as raising the minimum wage would.
FAQs
What new proposal is being suggested by former US President Donald Trump and the presumptive Democratic nominee, Kamala Harris, referring to the gambling industry?
Both political figures are proposing to reduce tax on casino workers’ tips.
What do they aim to get with this suggestion?
By reducing taxes on casino workers’ tips, they aim to appeal to workers and receive more votes during the election.
How real does it sound to reduce tax on casino workers’ tips?
Reducing tips from taxes might sound good politically, but it’s not necessarily the best policy. This will not significantly improve workers’ living conditions and in general, it does not sound real and easy to implement.
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