Kamala Harris

Joe Biden

Dean Phillips

Marianne Williamson

Donald Trump

Vivek Ramaswamy

Nikki Haley

Ron DeSantis

Cornel West

Robert F. Kennedy

2024 United States Presidential Election

Former President Trump’s plan to end taxes on tips could come with a price tag of $250 billion, a budget watchdog estimated in a new analysis. The Committee for a Responsible Federal Budget estimated on Sunday that exempting tip income from federal income and payroll taxes could lead to a decrease of $150 to $250 billion in federal revenues over a decade.

wikipedia

Trump plan to nix taxes on tips could cost $250 billion: analysis

The Hill

Washington

District of Columbia

United States

Rallying Las Vegas voters on June 9, former President Donald Trump said: "For those hotel workers and people that get tips, you're going to be very happy, because when I get to office, we are going to not charge taxes on tips."

Ad Fontes Media

All Sides

Media Bias/Fact Check

Washington Times

The Washington Times LLC

Trump is right: Trash the federal tip tax

The nonpartisan Committee for a Responsible Federal Budget projects how much the plan would add to the federal deficit.

CBS News

National Amusements

Michael Redstone

Trump proposal to exempt tips from taxes could cost $250 billion

Former President Trump’s plan to end taxes on tips could come with a price tag of $250 billion, a budget watchdog estimated in a new analysis. The Committee for a Responsible Federal Budget estimated on Sunday that exempting tip income from federal income and payroll taxes could lead to a decrease of $150 to $250…

Nexstar Media Group

Trump's tax exemption for tips, unveiled at a campaign rally in Nevada, is perceived as a strategy to attract younger voters.

Benzinga

New York

Trump's Tax-Free Tips Proposal May Inflate Federal Deficit By Up To $250B: Report

Trump has said he would end taxes on tips received by workers if he wins the White House in November.

Newsweek

IBT Media

Donald Trump's tax plan sparks $250 billion warning

The presumptive GOP nominee is pitching a plan to end taxes on gratuities, but restaurant workers should take a close look at his record.

HuffPost

Roberts family

Verizon Communications

Trump Says He Wants To Help Tipped Workers. Here's Why That's Probably An Empty Promise.

Donald Trump’s new proposal to exempt tips from taxation would add between $150 billion to $250 billion to the federal budget deficit over 10 years, a budget watchdog group forecast on Monday.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

Trump Plan to Exempt Tips From Taxes Could Cost $250 Billion

Former President Donald Trump has floated a plan to eliminate taxes on tips and Republicans in Congress are divided over whether to support it.

NBC News

Donald Trump calls for ending taxes on tips, drawing mixed reaction from Republicans

How Donald Trump's proposed tip tax exemption could be administered in a way that would prevent gaming of the system, shore up federal entitlement programs.

Forbes

Forbes family (publishers)

Trump Tip Tax Exemption Is Workable, Could Help Shore Up Entitlements

The former president is offering voters splashy policy promises—and what he offers simply depends on who he’s talking to.

Trump plan to nix taxes on tips could cost $250 billion: analysis

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