Harris, Trump Agree on Tip Tax Elimination

Vice President Kamala Harris and former President Donald Trump have both endorsed a policy to eliminate federal taxes on tips, sparking a rare bipartisan agreement and significant debate. The policy aims to alleviate financial burdens on service and hospitality workers, but experts warn it could be complicated and costly, with potential revenue losses of $150 billion to $250 billion. Trump initially proposed the idea in June, and Harris recently echoed the proposal during a rally in Las Vegas. Critics, including Trump, accuse Harris of copying his idea for political gain. President Joe Biden has also expressed support for the initiative, aligning it with his broader economic vision. Both campaigns have yet to provide detailed plans on implementation and financing, leaving questions about the policy's feasibility and potential abuses unanswered.