The Project 2025 proposal to tax employer-provided benefits exceeding $12,000 could lead to a significant reduction in workplace benefits for over 15 million workers.
Bivens warned that the tax on employer benefits could force companies to cut back on these benefits, resulting in substantial financial hardship for millions of families.
With the potential of $12 billion in increased taxes on workers, the Project 2025 plan highlights a troubling economic impact on low to middle-income families.
The proposal, co-authored by Trump administration alumni, stresses a belief in downplaying the importance of employer benefits for financial stability among workers.
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