No Taxes and on tips

Heard that last night at a rally in Nevada, then heard the press secretary say the president supports it. What a great idea, who said they could not come up with good policies. I wonder why they never tried to pass it the last 4 years.

I know it was said on Jun 9th in another rally but does it rally matter who came up with the idea?

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JSul3 · 70-79

President Biden has stated that he would “absolutely” sign legislation to eliminate taxes on tipped wages if it made it to his desk, the White House said Monday, embracing a policy first proposed by former President Trump and echoed by Vice President Harris.

So, just like the immigration bill that would have become law, before Trump told his cult members in Congress to kill it, the question is: Will this bill be fast tracked and passed and signed by Biden, or will another opportunity to help the working class be torpedoed by the Orange Messiah, because we certainly would not want to do anything to help working Americans while a Democrat resides in the WH?

Sojournersoul · M

@JSul3 guess you never read the bill. A lot more than the border on there. Guess that doesn’t matter.

JSul3 · 70-79

@Sojournersoul Supporting Ukraine and supporting Israel?
Yes both were in the bill.

Sojournersoul · M

@JSul3 what does that have to do with border security? We support both very well as it is.

JSul3 · 70-79

@Sojournersoul I was referencing the immigration bill that Trump tanked. It had spending for both Ukraine and Israel included.

Regarding this "no tax on tips" I have read the Ted Cruz version and it appears to have a huge hole, that would allow, for example, hedge fund folks to claim that their 'commissions' were now 'tips' and give them an outrageous tax deduction.

While Harris has not laid out all of the plan, she specifically said 'no tax on tips for service workers.' That tells me that guardrails would be placed so that those outside the service industry could not take advantage.

Reality tells me nothing on this 'no tax on tips' will occur until the election. Even then, a bill must pass Congress before the president signs it into law.