Trump and Harris Zero Tax on Tips for Casino Workers May Be Red Herring
Politics tamfitronics Both Trump and Harris have promised casino workers that they would pass legislation that exempts tips from taxes, effectively boosting their cash-on-hand in real terms. Yet, none of the two candidates has told workers how hard passing such legislation would be, verging on the impossible.Trump and Harris Think Good Politics, Not Good PolicyEliminating tax on workers’ tips would be a major challenge, not least because it would deprive the federal budget of important revenue.Yet, such a move would invite further economic chicanery with workers and employers suddenly finding themselves in a position where they have realized that parts of their remunerations might better qualify as tips.Despite both Harris and Trumps’ desire to court workers and voters in swing states, the practicality of their attack line from the stump has been more of a...
