The US President can’t change tax law though - weird that Newsweek doesn’t even mention that.
this post was submitted on 04 Aug 2024
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Weird how Trump got tax cuts done in his last term then.
Trump only signed the bill sent to him by the legislature
Exactly, that's what Presidents do.
Or... (novel idea I know) you could pay your workers so they wont have to rely on handouts
It hasn't worked that way the last 50 years, so why would it change now? And a lot of businesses wouldn't be able to afford it
Weird how Republicans celebrate when a Republican does something progressive. It's almost as if Americans like progressive policies. The right has just convinced a large portion of Americans that it's Socialism or a "hand-out". Usually the right is talking about flat taxes for the rich and the working class alike OR switching to sales tax only that way the poor are taxed on every penny they spend (which is most of it) and the rich who stockpile their wealth get taxed on almost none of it. This is only notable because he's on the right.
As usual, the right is judged on their best and the left is judged on their worst.
If you like this and want progressive taxes that work for the working class instead of against them, vote blue. Or better yet, vote progressive.
I paid less taxes under Trump and made more money. Biden and Kamala are letting the tax cuts Trump put in place for the middle class expire. So, I'm voting to keep more of my money and it's not blue. And you misunderstand Republicans. Letting people keep more of their hard earned money is a lot different than just giving out money to people who don't contribute such as illegal immigrants coming across the border or drug addicts in San Francisco in which they're talking about paying them $100 each a week if they pass a drug test each week. That's what free handouts are.
How long does it take for you to put on your clown suit and makeup every day?
Aren't you the clever one...
I paid less taxes under Trump and made more money.
Imagine supporting a literal insurrectionist because you might pay lower taxes maybe. Very cool dude.
Right, well, I don't consider Jan. 6 an insurrection. Trump was never even charged with insurrection. Matter of fact nobody was. The Dems just used that word hoping they could get a conviction on it. That way, he wouldn't be able to run for office again.
Easy to back a lie
What's the lie? You don't think people back the idea of keeping more of their tip money?
I don’t. I’d like to see us moving away from tipping culture in general, and this would make it harder.
A lot of people depend on tips. You wouldn't be able to get rid of it without hurting the businesses they work for, or the consumer.
I would agree with this except that I don't have faith that it won't be leveraged as a way to get out of a whole crapload of taxes. I'm pretty sure that unemployment insurance, and a lot of the federal taxes, are based on wages and not tips. Also what is the limit? Can I pay my friend $50 to mow my lawn and tip him an extra $25,000, just so I can get around the limit for a gift tax? I wouldn't trust a Republican administration to implement this without making it easier for Rick people to avoid paying taxes.
Mowing a lawn for 25k? Sounds like you need better friends bud
Instead of ending taxes on tips, expand the lowest tax bracket, pay a living wage, and get rid of tips entirely.
Sounds great, but probably not gonna happen so why not have the next best thing and let people keep more of the money they make
It won't actually make much difference... some huge percentage of tips never get reported and taxed in any case. It also treats the symptom instead of the problem. I have no problem with incremental improvements, but this really doesn't improve anything. You'll also find rich people now 'tipping' huge sums, so it will be a net negative.
Most of my gf's money comes from tips and it's setup to make it very hard to not report tips without getting fired and she would bring in quite a bit more money without being taxed on it