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Sunday, October 6, 2024

Senator Daines supports Trump's proposal to eliminate taxes on tips

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Senator Steve Daines, US Senator for Montana | Steve Daines Official Website

Senator Steve Daines, US Senator for Montana | Steve Daines Official Website

U.S. Senator Steve Daines appeared on Fox Business' "Mornings with Maria" to discuss his bill aimed at eliminating taxes on tips and address President Biden’s handling of the border crisis.

Daines described his proposed legislation as a "stroke of genius" by former President Trump, highlighting its potential benefits for the working class. He explained that the idea originated from a waitress who questioned why her tips were being taxed. Daines, a member of the Senate Finance Committee, plans to introduce the bill in the Senate.

"This is an idea that came to President Trump from a waitress. She said, 'why are they taxing my tips?' So, I plan to introduce the bill in the United States Senate," Daines stated. He emphasized that eliminating federal taxes on tips could help offset inflationary pressures faced by workers under President Biden's administration.

Daines argued that reducing taxes on tips would incentivize employment and generate taxable revenue. He cited past tax cuts under Trump as evidence that lower taxes can lead to increased tax revenues overall.

"When more people are working, you actually pay more taxes overall because you’re employed," he said. "As is always the thought when you cut taxes, as we saw what happened with the Trump tax cuts of ’17."

He also warned of significant tax increases if Republicans do not maintain control of Congress and if Biden is re-elected.

"The Wall Street Journal called this the $6 trillion election," Daines noted. "If President Biden is re-elected... there’s a $4 trillion tax increase coming in 2026 with the expiration of the Trump tax cuts."

On another topic, Daines criticized President Biden's mass amnesty proposal amidst ongoing issues at the southern border. He claimed it serves as a recruiting tool for cartels and undermines national security.

"This is a mass amnesty bill," he asserted. "This is far more than an immigration debate. This is about national security and protecting the homeland."

Daines referenced recent arrests made by anti-terrorism forces involving individuals allegedly radicalized by ISIS Khorasan who had entered through the southern border.

"We have sleeper cells in our country as we speak," he added, attributing these threats to lax border policies.

The interview underscores ongoing debates over taxation policy and immigration ahead of upcoming elections.

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