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PBS News Hour

Economists explain hidden downfalls of ending taxes on tips

Season 2024 Episode 264 | 8m 11s

Tax cuts and credits have been a popular theme during this campaign. Both candidates have also proposed several tax breaks and have not always explained how to pay for them. That's true of one idea former President Trump and Vice President Harris support: no taxes on tips. Economics correspondent Paul Solman looks at what's behind the proposal and some concerns around it.

Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer Cellular and Cunard Cruise Line. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
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