Why Harris and Trump’s ‘No Tax on Tips’ Policy Is So Controversial | WSJ
September 3, 2024
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5:28Now PlayingWhy Harris and Trump’s ‘No Tax on Tips’ Policy Is So Controversial | WSJ
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as posted by the channelBoth Vice President Kamala Harris and former president Donald Trump say they want to eliminate taxes on tips for service and hospitality workers. Many experts warn this tax policy could help employers more than workers, increase the federal budget deficit and even accelerate tipping culture in the U.S.
WSJ breaks down how this policy could play out in a Trump or Harris presidency and why many economists are skeptical of its success.
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