Economists explain hidden downfalls of ending taxes on tips
Economists explain hidden downfalls of ending taxes on tips
Tax cuts and credits have been a popular theme during this campaign. Both candidates have also proposed several tax breaks and have not always explained how to pay for them. That's true of one idea former President Trump and Vice President Harris support: no taxes on tips. Economics correspondent Paul Solman looks at what's behind the proposal and some concerns around it.
https://www.pbs.org/newshour/show/economists-explain-hidden-downfalls-of-ending-taxes-on-tips
Tax cuts and credits have been a popular theme during this campaign. Both candidates have also proposed several tax breaks and have not always explained how to pay for them. That's true of one idea former President Trump and Vice President Harris support: no taxes on tips. Economics correspondent Paul Solman looks at what's behind the proposal and some concerns around it.
https://www.pbs.org/newshour/show/economists-explain-hidden-downfalls-of-ending-taxes-on-tips