President Biden Supports Eliminating Taxes on Tipped Wages, White House says

The White House announced on Monday that President Biden would "absolutely" sign legislation to eliminate taxes on tipped wages if it were to reach his desk. This policy, which was initially proposed by former President Trump and echoed by Vice President Harris, aligns with Biden's goals of supporting working Americans and strengthening the economy.

During a press briefing, White House press secretary Karine Jean-Pierre expressed the President's support for eliminating taxes on tips for service and hospitality workers, while also emphasizing the importance of raising the minimum wage and preventing the wealthy from exploiting the system. This move is in line with Biden's approach of building the economy "from the bottom up and the middle out."

Interestingly, Biden had not publicly addressed this concept before, but it gained attention when Trump suggested it at a rally in Nevada, a crucial battleground state with a significant number of service industry workers. Republican lawmakers swiftly followed suit and introduced a bill aimed at abolishing taxes on tips.

However, critics of the proposal have expressed concerns about its potential impact on the national debt and the possibility of it being exploited by affluent individuals. To address these concerns, a Harris campaign official suggested that the legislation should include an income limit.

Vice President Harris, who took over as the Democratic nominee after Biden chose not to run for re-election, expressed her support for ending taxes on tipping during a rally in Las Vegas last Saturday. She vowed to continue fighting for working families, including raising the minimum wage and eliminating taxes on tips for service and hospitality workers.

The Trump campaign has criticized Harris for seemingly borrowing this idea and accused her of solely using it for political purposes. Trump took to his social media platform, Truth Social, and claimed that it was his idea, while also accusing Harris of proposing the "largest tax increase in history."

It remains to be seen how this proposal will progress, as it would require congressional action. However, with both former President Trump and Vice President Harris endorsing the idea, the conversation around eliminating taxes on tipped wages continues, prompting debates about its potential impact on the economy and working-class Americans.