Column: Californians would love for Kamala Harris to steal this Trump idea
3 months ago

Column: Californians would love for Kamala Harris to steal this Trump idea

LA Times  

Kamala Harris already has stolen one idea from Donald Trump. Harris should copy Trump’s promise to restore the federal tax break for state and local taxes — SALT in government lingo — if for no other reason than it would dramatically help millions of fellow Californians. Last month, Harris adroitly adopted Trump’s proposal to exempt service workers’ tips from federal income taxes. “This assault disproportionately targeted Democratic-run states.” Critics contend that eliminating the SALT cap — or even raising it, say, to $80,000 — would benefit mainly the wealthy. The states that get less from the federal government but pay more taxes are largely blue states,” says Rep. Ted Lieu, who has tried to restore the SALT deduction and gotten nowhere.

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History of this topic

Inside Trump's brand new grift for billionaires
2 months, 1 week ago

Inside Trump's brand new grift for billionaires

Raw Story  

Back in 1982, Republicans and the Reagan administration determined that they needed to raise taxes on average working people to pay for part of the massive tax break they were giving billionaires. Reagan imposed income taxes on elderly people on their Social Security income, ended the tax deductibility of interest on car loans and credit cards, and ended the tax …

Trump says he would uncap the state and local tax deduction, a California favorite
3 months, 1 week ago

Trump says he would uncap the state and local tax deduction, a California favorite

LA Times  

Days after mingling with wealthy donors in Beverly Hills and the Bay Area, former President Trump said that if he is reelected, he would reinstate a tax break that benefits residents of high-tax states such as California. A cap on the federal tax deduction for state and local taxes, or SALT, was a controversial part of Trump’s 2017 tax overhaul …

Trump indicates he would lift cap on costly state and local tax deduction
3 months, 1 week ago

Trump indicates he would lift cap on costly state and local tax deduction

Politico  

But the proposal could also draw some head-scratching from large swaths of the Republican caucus, who have fought to prevent expansions of the deduction and even suggested eliminating the deduction altogether. Trump’s pitch is the latest in a string of tax policies with populist appeal he has proposed recently, including to eliminate taxes on overtime pay, Social Security income and …

Trump says he won’t tax your tips, OT or Social Security. Why critics see ‘gimmicks’ and a ‘sham’
3 months, 1 week ago

Trump says he won’t tax your tips, OT or Social Security. Why critics see ‘gimmicks’ and a ‘sham’

LA Times  

Donald Trump announced that he would end taxes on overtime during a rally Thursday in Tucson. “And for too long, no one in Washington has been looking out for them.” He said his proposal meant “police officers, nurses, factory workers, construction workers, truck drivers and machine operators” would finally “catch a break.” Tax and policy analysts from across the ideological …

Opinion: Tipping culture is out of control. Trump and Harris would make it worse
4 months ago

Opinion: Tipping culture is out of control. Trump and Harris would make it worse

LA Times  

If you left the U.S. for a summer vacation, you may have encountered a strange and refreshing custom: not tipping. It’s a popular stance with many potential voters, notably in Nevada, a swing state whose many casino, hotel and restaurant workers rely heavily on tips. Excluding tips from federal income tax might simplify employer paperwork and erase the difference between …

Experts warn Trump and Harris "no tax on tips" proposals would invite serious "gaming" of the system
4 months, 1 week ago

Experts warn Trump and Harris "no tax on tips" proposals would invite serious "gaming" of the system

Salon  

Vice President Kamala Harris and former President Donald Trump have both proposed axing taxes on tips as they ramp up their presidential bids. Harris joined Trump in boosting the policy at a campaign rally in Nevada last weekend, touting a tax elimination on tips "for service and hospitality workers" alongside a promise to raise the federal minimum wage. Not long …

Why Trump’s and Harris’ proposals to end federal taxes on tips would be difficult to enact
4 months, 1 week ago

Why Trump’s and Harris’ proposals to end federal taxes on tips would be difficult to enact

Associated Press  

Former President Donald Trump and Vice President Kamala Harris agree on one thing, at least: Both say they want to eliminate federal taxes on workers’ tips. Neither candidate’s team has said whether it would exempt tips only from income taxes, only from payroll taxes or both. Harris’ campaign has said she would work with Congress to draft a proposal that …

Harris, Trump see votes in not taxing tips. Experts see trouble.
4 months, 1 week ago

Harris, Trump see votes in not taxing tips. Experts see trouble.

Politico  

“It’s one bad idea layered on top of another,” Howard Gleckman, a senior fellow at the Tax Policy Center, a nonpartisan research group, said to POLITICO. But congressional Republicans immediately introduced legislation to end the income tax on tips after Trump’s comments that quickly gained bipartisan support from all but one member of Nevada’s Democratic delegation. “If what you really …

Harris endorses eliminating taxes on tips, touting policy first proposed by Trump
4 months, 1 week ago

Harris endorses eliminating taxes on tips, touting policy first proposed by Trump

CNN  

CNN — Vice President Kamala Harris has backed the elimination of taxes on tips for hospitality and service workers, endorsing a policy first suggested by former President Donald Trump. !” After Trump’s proposal in June, Culinary Union Local 226’s secretary-treasurer Ted Pappageorge pushed back on his promise: “Relief is definitely needed for tip earners, Nevada workers are smart enough to …

Trump is proposing to make tips tax-free. What would that mean for workers?
6 months ago

Trump is proposing to make tips tax-free. What would that mean for workers?

Associated Press  

WASHINGTON — Former President Donald Trump’s new proposal to exclude tips from federal taxes is getting strong reviews from some Republican lawmakers, though major questions remain about the impact of the policy and how it would work. “What I can say is that President Biden has fought for real solutions that actually address workers’ legitimate need for fair wages, we …

Trump's Plan To End Taxes On Tips Faces Long Odds
6 months, 1 week ago

Trump's Plan To End Taxes On Tips Faces Long Odds

Huff Post  

LOADING ERROR LOADING Donald Trump has been making a big promise to the nation’s service workers at his recent campaign rallies: If they send him back to the White House for another term, he’ll see to it that restaurant servers and other tipped workers no longer pay taxes on their gratuities. “I think that has more to do with the …

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