Ending Taxes on Tips Won’t Impact Government Revenue: Analyst

Don Ma
By Don Ma
August 12, 2024NTD News Today
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Democratic nominee and Vice President Kamala Harris told supporters in Nevada on Saturday that she supports eliminating taxes on tips, two months after former President Donald Trump proposed the same plan. The Culinary Workers Union subsequently endorsed Harris for the presidency.

What will be the impact, if any, of the loss of taxation revenue? NTD speaks to Jeffrey Tucker, an economist and the founder and president of the Brownstone Institute, for his analysis of the proposal.