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Expert calls Trump’s proposal to stop taxation on tips ‘genius’ 

Fox Business
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Americans for Tax Reform President Grover Norquist weighs in on Trump’s proposal to stop taxation on tips during an appearance on ‘The Big Money Show.’ #foxbusiness
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20 июн 2024

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Комментарии : 159   
@Jonesmatsunaga
@Jonesmatsunaga 9 дней назад
it's essential to remain cautious. The immediate effect might be an increase in disposable income for service workers, potentially boosting consumer spending.
@Tylerredn
@Tylerredn 9 дней назад
I agree. In my experience, significant policy changes can create market opportunities. For instance, my portfolio grew 20% last year by investing in consumer goods and services following similar economic shifts. Consulting a professional might help you navigate this change effectively.
@Colbe-lx7fb
@Colbe-lx7fb 9 дней назад
I’ve noticed my investments in the hospitality sector are underperforming. Could this proposal benefit that sector, and should I consider reallocating my investments?
@mariadrukker2557
@mariadrukker2557 9 дней назад
Potentially, yes. If service workers have more disposable income, sectors like hospitality and retail could see an uptick. I’d recommend seeking advice from a financial planner.
@mariadrukker2557
@mariadrukker2557 9 дней назад
Eric Paul Elmer has guided me through such changes with great success. I've been with Eric Paul Elmer for the last five years or so, and his returns have been pretty much amazing.
@DavidNarteon
@DavidNarteon 9 дней назад
Wise, Professional portfolio managers can help navigate these changes. I've heard stories of people significantly increasing their earnings by adapting to such economic proposals.
@goldbud2287
@goldbud2287 10 дней назад
Trump 2024 help improve your life,safety and general well being
@robyoung-pl1gq
@robyoung-pl1gq 10 дней назад
Save us Convict Donnie!!!
@JonathanSterlingUSA
@JonathanSterlingUSA 10 дней назад
@@robyoung-pl1gq What country are you from?
@karriebrush6285
@karriebrush6285 10 дней назад
​@@robyoung-pl1gq your a pathetic IDIOT
@robyoung-pl1gq
@robyoung-pl1gq 9 дней назад
​@@JonathanSterlingUSA A country full of trumper traitors
@guaranteeme7737
@guaranteeme7737 9 дней назад
@@robyoung-pl1gq What will you spam after the reversal ?
@peterdagnese453
@peterdagnese453 10 дней назад
How bout stop finding new things to tax and stop spending so much pointless money.
@gen_z_hippichikk
@gen_z_hippichikk 10 дней назад
Cutting spending is always a brilliant idea until you have to start figuring out which spending to cut. 🤔
@edwardmille8879
@edwardmille8879 10 дней назад
How about taxing the very rich in corporations for their fair share of taxes
@harryfarber6435
@harryfarber6435 10 дней назад
@gen_z_hippichikk, Trump is going to start with eliminating Joe’s handouts. You’re going to have to get a job.
@oliphauntsneverlie6227
@oliphauntsneverlie6227 10 дней назад
@@gen_z_hippichikk Give me the pen and paper. It wouldn't take very long.
@oliphauntsneverlie6227
@oliphauntsneverlie6227 10 дней назад
@@edwardmille8879 How about they already do. Raising taxes on corporations and they merely pass it on to the consumer. But maybe you like being taxed. Maybe you can't figure it out.
@jamesbrock8498
@jamesbrock8498 10 дней назад
Stop sending money on outside the country to hell with the rest of the world
@goldbud2287
@goldbud2287 10 дней назад
Trump always working to make life better for American people first
@robyoung-pl1gq
@robyoung-pl1gq 10 дней назад
Trump's a MORON
@gen_z_hippichikk
@gen_z_hippichikk 10 дней назад
By shrinking the GDP, destroying jobs and tripling the deficit? 🤔
@harryfarber6435
@harryfarber6435 10 дней назад
@gen_z_hippichikk, Yeah, there’s no more handouts for you when he’s re-elected. You’re going to have to work for your food stamps.
@JonathanSterlingUSA
@JonathanSterlingUSA 10 дней назад
@@gen_z_hippichikk some people will say and do anything to reduce the cost of their stash...
@joesucks2023
@joesucks2023 10 дней назад
​@gen_z_hippichikk Your a lying dog face pony soldier 🎉
@maryannweldin4633
@maryannweldin4633 9 дней назад
Taxing tips was the worst thing that was done. And this other taxation on any of our money and saving.
@Jon-d6h
@Jon-d6h 8 дней назад
Howabout taxing billionaires?
@patrickcarlson4007
@patrickcarlson4007 10 дней назад
taxation with out representation bore this country
@Jon-d6h
@Jon-d6h 8 дней назад
Sure, and Trumps tax cut gave billions to billionaires and almost nothing to average people
@herbbrowning3823
@herbbrowning3823 10 дней назад
Thats is bs, I paid taxes on my savings!
@trishwhitaker4891
@trishwhitaker4891 10 дней назад
You only paid taxes on your profits. You weren’t taxed on your “potential” profits.
@patrickcarlson4007
@patrickcarlson4007 10 дней назад
get rid of all taxes so govt cant wage war and destroying us
@davidcleveland-yv6my
@davidcleveland-yv6my 9 дней назад
already dun gud job on the grammer.
@Jon-d6h
@Jon-d6h 8 дней назад
Not quite ingrish, Ivan
@edwardmille8879
@edwardmille8879 10 дней назад
What we need to do is start taxing the ultra-rich and corporations for their fair share of the taxes not the average working American.
@johnanderson1245
@johnanderson1245 10 дней назад
Sure, tax my retirement plan as unrealized income so I’ll never realize retirement. The Democrats will tax your farts if they smell them.
@Dan-nh9xi
@Dan-nh9xi 8 дней назад
😊
@spotable2
@spotable2 6 дней назад
Trumper, remember before you get too mugged by Fox propaganda and hate, people that believe things without PROOF are FOOLS AND IDIOTS...I will repeat that so you cant say you were not warned..PEOPLE THAT BELIEVE THINGS WITHOUT PROOF ARE FOOLS AND IDIOTS. TRUMP (Fellon/Glorified Landlord) Johnson,Giuliani/ Comer/Lake/Fox "news"/ Habba ETC, ETC, ETC... WHERE IS YOUR PROOF the election was "stolen" WHERE IS YOUR PROOF the trial was rigged WHERE IS YOUR PROOF Mr,Biden is "crooked" WHERE IS YOUR PROOF Mr,Biden's "numbers are rigged" WHERE IS YOUR PROOF The trial was a witch hunt. WHERE IS YOUR PROOF of how much money your campaign has raised. WHERE IS YOUR PROOF your gag stops you from campaigning. WHERE IS YOUR PROOF Mr, Biden is "incompetent" WHERE IS YOUR PROOF You have done more for black people than anyone. WHERE IS YOUR PROOF people who don't believe you are "commies" WHERE IS YOUR PROOF the legal system has been weaponized. WHERE IS YOUR PROOF of all your ENDLESS CLAIMS... and last but not least, WHY...WHY apart from hate is the only thing you have to campaign on... WHY did you prevent the BIPARTISAN boarder deal. There are a lot of problems in America the Fellon/fraudster Trump is NOT the one to fix them! THE OPINION OF FOX YOUR FRIENDS and TRUMP is NOT PROOF.
@truepatriots3860
@truepatriots3860 10 дней назад
FJB and his government
@edwardmille8879
@edwardmille8879 10 дней назад
I guess you're as wealthy as I am only paying 8% on are over a million dollar income per year.
@Jon-d6h
@Jon-d6h 8 дней назад
Ah yes, curising. That is the level you are on. Try quoting a fact or making a two-step logic argumenbt.
@charliebrown5611
@charliebrown5611 10 дней назад
Just a show. Tax the rich not the middle class.
@user-ei1ct4gn7s
@user-ei1ct4gn7s 8 дней назад
The latest government data show that in 2018, the top 1% of income earners-those who earned more than $540,000-earned 21% of all U.S. income while paying 40% of all federal income taxes. The top 10% earned 48% of the income and paid 71% of federal income taxes. Get your facts straight ...
@charliebrown5611
@charliebrown5611 8 дней назад
@@user-ei1ct4gn7s when the CEOs of GM and boing make over $300 million a year and the gaps between rich and poor widen every year, the system is broken.
@Jon-d6h
@Jon-d6h 8 дней назад
Exactly. Trumps 2 trillion tax cut went to billionaires.
@patrickcarlson4007
@patrickcarlson4007 10 дней назад
inflation caused by govt fed and banks are a tax
@JamesBrown-js3lm
@JamesBrown-js3lm 9 дней назад
We’ve been taxed on it already, now they’re trying to double dip on our retirement and property in our old age. They have zero scruples.
@Jon-d6h
@Jon-d6h 8 дней назад
Trumps tax cut went to billionaires. Jamie Dimon got 230 million. How much did you get?
@ja4476
@ja4476 10 дней назад
That would make the stock market implode in no time............
@bigdeneen
@bigdeneen 8 дней назад
👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏thank you trump. Keeping my untaxed tips will help a lot
@thehonorablejiveturkeyspoo6370
@thehonorablejiveturkeyspoo6370 10 дней назад
Im telling ya, there's something armpit about this
@andrea-ki9rr
@andrea-ki9rr 9 дней назад
An individual who has paid into social security his entire life ought to have the option of a lump sum payout option when retiring! Soak on that!
@gwendolynkatz3067
@gwendolynkatz3067 2 дня назад
There is tax on everything !
@2coryman
@2coryman 6 дней назад
Taxing your life savings is diabolical
@mariawatson1849
@mariawatson1849 8 дней назад
About stop taxes on social security it's very hard on senior that they live on a small social security checks
@LT-cp4qs
@LT-cp4qs 6 дней назад
We have a Tax on RAIN!!
@earlwilliams5473
@earlwilliams5473 6 дней назад
There's a tax in the form of a penalty for paying your income tax.
@JonathanSterlingUSA
@JonathanSterlingUSA 10 дней назад
That sounds like a good idea, they deserve it. That and being polite to them.
@Jon-d6h
@Jon-d6h 8 дней назад
And lets restore the taxes of billionaires. They can afford taxes.
@jerrywitt1140
@jerrywitt1140 7 дней назад
Capital Gains should not be taxed!
@gen_z_hippichikk
@gen_z_hippichikk 10 дней назад
….aaaand how’s those J6 pardons coming along? 🤣
@JonathanSterlingUSA
@JonathanSterlingUSA 10 дней назад
some of them should be paid restitution, not just pardoned
@jondoe9389
@jondoe9389 5 дней назад
A tip is a tip, it's a gift. How do. You tax a gift, in a country that went to war over a tea tax?
@commonsenseisntcommon1776
@commonsenseisntcommon1776 7 дней назад
It's a good idea, but Congress would have to actually get it done
@Jon-d6h
@Jon-d6h 8 дней назад
Trump thought that knowing 5 words in a dementia test meant that he was smart: Person, woman, man, camera, TV. So not taxing tips qualifies as "genius". When your iq is 100, you are not qualified to say what is genius.
@julieannruengert779
@julieannruengert779 10 дней назад
No tax unless making over 200,000
@stevek8829
@stevek8829 День назад
Tips are among the least reported incomes there are as is. The money isn't a gift. It's a payment for work. There's no justification for a special tax free ordinary income status for one group and not another. That's an injustice to everyone else. Depending on specific circumstances, many tip workers actually get more by reporting tips due to Earned Income Credit. Make it just for AOC, so she goes back where she belongs, barmaid.
@jamesbrock8498
@jamesbrock8498 10 дней назад
You don't tax the second amendment either
@missy183
@missy183 9 дней назад
We Love you President Trump. 2024.❤💙🤍💯💯💯💯
@Jon-d6h
@Jon-d6h 8 дней назад
Rikers Island 2024
@michaelbailey1352
@michaelbailey1352 2 дня назад
I think all congressmen should put back into the tax system anything they make doubling their wage in other words if they make $90,000 a year and they make over $180,000 while they're in office anything over that goes to the American people because they got it from insider trading from their job
@preciousisrael7
@preciousisrael7 9 дней назад
😂 the smallest, no brainer ideas are praised as is they are genius thoughts.
@brandonwheelerite3651
@brandonwheelerite3651 2 дня назад
Trump needs this guy in his administration! 🎉
@roberth1148
@roberth1148 8 дней назад
Give everybody a tax break,dissolve all government institutions,increase the national debt,result total chaos !
@Aleksandras477
@Aleksandras477 9 дней назад
Very good to read of as many taxes possible but is very good to read of tips too, but restaurants can in near future give % from profit every day for workers ! taxing planes do not have tips at all :)!.
@jamesbrock8498
@jamesbrock8498 10 дней назад
Waitresses tips should not be taxed because they are listed whatever their tables cost the meals cost of the people he waited on play a percentage of that to the federal government even though all they got was a tip
@Hippygypy
@Hippygypy 10 дней назад
😂😂😂😂😂😂...WTF...Their Protecting them Selfs 😢😢
@user-rg5oo6jg9y
@user-rg5oo6jg9y 8 дней назад
That is ,because they "Want" a falling economy
@gerik2453
@gerik2453 10 дней назад
Income tax!!!
@jamesbrock8498
@jamesbrock8498 10 дней назад
Internal revenue service does you can text my money when I earn it but if I'm not earning interest on that money in a savings account or in a checking account after you texted that first time and I haven't earned interest on it or anything like that you will not text it again
@bettybolden2446
@bettybolden2446 9 дней назад
what are you talking about you are taxing all that stuff
@debbiemerritt6707
@debbiemerritt6707 7 дней назад
Oh mo good lord in heaven.
@roberth1148
@roberth1148 10 дней назад
Just increase the debt
@freddykagin
@freddykagin 10 дней назад
Very good idea 😅
@hifidavid
@hifidavid 8 дней назад
It’s cash,so there is no way to track Tips accurately. So Trump can easily say no tax on Tips. It’s not fooling anybody. If you’re taking tips, you’re already not paying taxes on it cause you’re probably not declaring them. Or if you are very little. so Trump, this is just Clickbait. we can see through this easily. Why don’t you do something really helpful like providing child support for a working mother of two kids who depends on having their kids taken care of while they work two jobs, for Tips.
@gearylhrig1512
@gearylhrig1512 7 дней назад
The irs already assumes all waitstaff receive at least 15% in tips and taxes them on it.
@assog5737
@assog5737 10 дней назад
I haven't met a expert that is a expert at anything.
@oliphauntsneverlie6227
@oliphauntsneverlie6227 10 дней назад
Are you an English expert?
@patrickcarlson4007
@patrickcarlson4007 10 дней назад
i got new suits . where you at.
@fumanchu7563
@fumanchu7563 10 дней назад
Is the "Expert" a millionaire? 😂
@Rolandjes37
@Rolandjes37 10 дней назад
"I like to get rid of rent" but if we don't pay taxes we don't have police' And we don't have firefighters' or paramedics' Do churches come in and pay the police do churches come in and pay for firefighters Churches don't do nothing Churches ain't open 24 hours a day.
@freddycmusic
@freddycmusic 10 дней назад
The democrats over tax the people to the point where we become slaves of the state.
@55points
@55points 10 дней назад
Christians give more to charities than any other group by far. Christians gave nearly 500 billion dollars to charity through all church affiliations a year. This money is used to help the needy in food banks medical issues mental health organizations both here and across the globe. YOU say the churches do nothing? they HEAD all of this good going on in the world. Its not just an hour church service, all that money is directed to help in the USA and in poor countries across the globe. It takes people to get this done every single day Churches oversee what is needed. So get it right Roland. You should know better. Jesus said if your neighbor is hungry give him food if he is cold, give him your coat. THAT is what Christianity is. Why dont you try it one time? what do YOU give.
@Kawitamamayi
@Kawitamamayi 10 дней назад
Good today we can tax slavery reparations some might receive in the future.
@Aleksandras477
@Aleksandras477 9 дней назад
Looks like the same technology like Colpix 9000 lens have ?
@clayvandoren6429
@clayvandoren6429 9 дней назад
Tips are gifts.
@JS-rn1tj
@JS-rn1tj 10 дней назад
Trump just showed the world he is smarter that any dementia old man. 😅
@keithrdoak
@keithrdoak 7 дней назад
Gooo trump make am great again 2024
@edwardh1591
@edwardh1591 2 дня назад
Get rid of Nfa tax to. Nobody should be taxing capital gains or tax our homes or property
@georgecenteno4711
@georgecenteno4711 8 дней назад
TRUMP🤡 24 It's all about cute sound bites & catch phrases, no really deep policy data, like his Health Care Plan replacement called evaporate. 🤣
@DeliverMeFromEvil-
@DeliverMeFromEvil- 2 дня назад
End taxes on tips and the work of young people18 and younger
@RolandItzy
@RolandItzy 7 дней назад
It's called Common Sense. Vote for the Common Sense President! 🇺🇸🇺🇸🇺🇸🇺🇸 VOTE TRUMP 2024!! 🇺🇸🇺🇸🇺🇸🇺🇸
@RedStatesPovertyWatch
@RedStatesPovertyWatch 10 дней назад
A reduction in tax revenue leads to decreased funding for public services such as schools, infrastructure, and public safety. On average, Republican-led state budgets rely on federal funding for 34.7% of their budgets. These states receive 20% to 40% more in federal spending than they contribute. Federal laws, including the Internal Revenue Code and IRS regulations, do not establish or govern state income tax policies. Each U.S. state has its own laws and regulations concerning income taxation, including tips.
@chrisgullett4332
@chrisgullett4332 10 дней назад
Lower taxes create higher revenue. Did you not learn anything from the largest tax cut in history? It literally created the most revenue in the history of the country. The reason it happens is because when you have more money to spend, you will. The more you spend, the more tax revenue is created. The data is readily available, the year of the Trump tax cuts not only created the most tax revenue ever, it aso set the record for highest increase in family income. It increased more in that one year than the combined income increase of the prior three presidents.
@gen_z_hippichikk
@gen_z_hippichikk 10 дней назад
@@chrisgullett4332 Trump increased the deficit by 375%.
@JonathanSterlingUSA
@JonathanSterlingUSA 10 дней назад
Joined May 5, 2024 What country are you from? The "red state versus blue state" claim is simplistic. Some red states are full of big blue cities.
@julieannruengert779
@julieannruengert779 10 дней назад
Read the constitution. There are specific tax rules. Better for a flat tax. Make it simpler. Roads can be invested in, public utilities. If there were good mentors a person could make a ton of money online. I have an Amazon account.
@oliphauntsneverlie6227
@oliphauntsneverlie6227 10 дней назад
That's been proven false time and time again but you still cannot learn. You're not ignorant - you're stupid.
@edwardmille8879
@edwardmille8879 10 дней назад
Take away citizens United and the electoral college so every vote counts the person with the most votes wins.
@maysville3815
@maysville3815 10 дней назад
It isn't genius. It could cost them more. Donald Trump is the antithesis of the values Republicans once stood for, the Constitution, the rule of law, accountability, a strong military & respect for vets, ethical behavior, & a moral compass. None apply to Trump. People are abandoning their principles because Trump is the only one saying what they want to hear. Don't fall for his lies! Vote blue! 💙
@bootst.v8428
@bootst.v8428 8 дней назад
Alcohol and tips tax exemption is game over for democrats. say goodnight Joe.
@illuminatiaristocracy57
@illuminatiaristocracy57 9 дней назад
1.) In the beginning was the Word, and the Word was with [God], and the Word was a [God] 2.) This one was in the beginning with [God]. [JOHN 1:1,2] NEW WORLD TRANSLATION OF THE HOLY SCRIPTURES … You are misguided, and in error …
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