'I will eliminate taxes on tips for restaurant workers and hospitality workers, and anyone else relying on tips, no more taxes on tips,' Donald Trump said.
President Trump’s tax-free tip plan is a stroke of genius that cuts straight to the heart of the tax issue, making it clear that Republicans are the party of low taxes for everyone. Trump’s proposal would make workers’ tips non-taxable. 'I will eliminate taxes on tips for restaurant workers and hospitality workers, and anyone else relying on tips, no more taxes on tips,' Trump said.
Photos have been circulating all over social media showing servers receiving – in addition to a check with their gratuity – a handwritten message calling for their support of Trump due to his promise of tax-free tips. It is a great incentive for millions of Americans to return to the workforce post-COVID. It organically connects work and reward in real time. The idea has caught fire with serious Republican lawmakers. Sen. Steve Daines, R-Mont.
Many have observed the political gain Trump can expect from the millions of waiters and waitresses, taxi and rideshare drivers, beauticians and barbers, bartenders, caddies, delivery drivers and others. But there is a larger audience: the tens of millions of Americans who remember their early years working for tips. They see the respect and appreciation for their work shown by this tax cut. Also not unnoticed is the chilled response by Democrat politicians.
Trump further emphasized the contrast with high-tax President Biden: 'Instead of a Biden tax hike, I’ll give you a Trump middle class, upper class, lower class, business class, big tax cut.' Biden vows to saddle America with a long list of tax increases totaling $5 trillion. Biden has also vowed to 'eliminate' the Trump tax cuts and said they 'are going to stay expired and dead forever if I’m re-elected.
The corporate tax also hits retirees as it damages the value of their nest egg: their pension, 401 or IRA. Trump will cut everyone’s taxes, and his call to eliminate the tip tax allows workers who are showing up in person to keep more of their own money and reward their hard work. CLICK HERE TO READ MORE FROM GROVER NORQUIST
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