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WASHINGTON - U.S. President Joe Biden supports the idea of eliminating taxes on tips for service and hospitality workers, the White House said on Monday."Absolutely," said White House spokesperson Karine Jean-Pierre, asked at a briefing if Biden would sign legislation doing so were it passed by Congress. "This is something that the president supports. He supports eliminating taxes on tips for service and hospitality workers," as well as raising the minimum wage.
Harris' version of the proposal - exempting tip income from federal income taxes and raising the minimum wage - could increase deficits by $100 billion to $200 billion or more over 10 years, according to the Committee for a Responsible Federal Budget.Some 2.2 million Americans worked as wait staff in 2022, according to the U.S. Labor Department, many drawing some of their income through tips.
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