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By Jorge Mitssunaga, CNN
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Published 1:02 PM EDT, Sat August 17, 2024
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Will taxing tips help or hurt the service industry?
Smerconish

Both Harris and Trump endorsed the elimination of taxing tips while out on the campaign trail. About 4 million workers relied on earning tips last year. Michael Smerconish speaks with Steven Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center about how eliminating taxes for tips is good politics but bad policy.

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A visitor walks past US multinational telecommunications AT&T logo during the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 26, 2024. The world's biggest mobile phone fair throws open its doors in Barcelona with the sector looking to artificial intelligence to try and reverse declining sales. (Photo by PAU BARRENA / AFP) (Photo by PAU BARRENA/AFP via Getty Images)
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FILE PHOTO: Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., October 25, 2023. Dave Sanders/Pool via REUTERS/File Photo
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ROCK HILL, SOUTH CAROLINA - FEBRUARY 23: Republican presidential candidate and former President Donald Trump speaks during a Get Out The Vote rally at Winthrop University on February 23, 2024 in Rock Hill, South Carolina. Former President Trump is campaigning in South Carolina ahead of the state's Republican presidential primary on February 24. (Photo by Win McNamee/Getty Images)
Real estate CEO says Trump could sell Mar-a-Lago 'quickly' to secure $464 million bond
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