Reported 8 months ago
Former President Donald Trump's proposal to exempt tips from federal taxes is receiving support from Republican lawmakers, although the exact impact and implementation remain uncertain. With 2.24 million waiters and waitresses relying heavily on tips for income, Trump's plan could potentially increase take-home pay but also lead to larger federal deficits. Critics warn of unintended consequences, such as reduced gratuities and potential setbacks in minimum wage initiatives for tipped workers.
Source: YAHOO