In remarks during his campaign, Trump expressed that eliminating taxes on tips and overtime would not only provide workers with a financial boost but also create greater incentives for them to increase their work effort.
Analysis from The Budget Lab at Yale indicates that removing taxes on tips could significantly benefit over 2 million workers, particularly in hospitality, who currently are burdened by these taxes.
Polling data reveals a strong public desire for tax relief on earnings from tips, highlighting bipartisan support for potential reforms that seek to ease the financial burden on low-income workers.
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