Harris mirrors Trump proposal to end federal taxes on tips

The video discusses a proposal to eliminate federal taxes on tips, which has gained bipartisan support from both presidential candidates. Workers have mixed reactions, with some welcoming the change and others preferring to keep the taxes. Vice President Kamala Harris and former President Donald Trump have both promised to eliminate these taxes, sparking a debate on the economic impact. Yale University's budget lab estimates that 4 million tip workers could benefit, while the Committee for a Responsible Federal Budget warns of a significant reduction in federal revenues.

What is the main reason some workers support the proposal to cut federal tax on tips?

• They want to avoid paying any taxes.

• They feel it will simplify tax filing.

• They believe it will increase their overall income.

• They think it will reduce government spending.

Which two political figures have promised to eliminate federal taxes on tips?

• Bernie Sanders and Ted Cruz

• Joe Biden and Mike Pence

• Kamala Harris and Donald Trump

• Nancy Pelosi and Mitch McConnell

How did Donald Trump react to Kamala Harris's announcement about tax on tips?

• He ignored the announcement.

• He criticized the proposal.

• He claimed the idea as his own.

• He supported her proposal.

What percentage of tip workers earned incomes low enough to not pay federal taxes in 2022?

• 60%

• 50%

• 37%

• 25%

What is the estimated reduction in federal revenues if tips are exempted from taxes over the next decade?

• $250 to $350 billion

• $150 to $250 billion

• $100 to $150 billion

• $50 to $100 billion