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To help pay for Trump tax cuts, new taxes on worker benefits become GOP target (www.cnbc.com)

submitted 3 weeks ago by [email protected] to c/[email protected]

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KEY POINTS

House Republicans are considering treating work benefits such as employer-provided transportation, free food and on-site gyms as a new source of taxable income to help pay for President Trump’s tax cuts.

These tax proposals are still in the early stages and other aspects of Trump’s tax promises would help workers, such as tax breaks on tips, overtime pay and Social Security benefits.

The concept of taxing employee perks has been debated before in Congress and never made it far, but with the size of the deficit and Trump wanting trillions of dollars in expiring and new tax cuts, some budget pay-fors will need to be found, and this one would dip into workers’ pockets.

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[–] BradleyUffner 24 points 3 weeks ago (2 children)

They are going to raise taxes in order to lower taxes?

[–] [email protected] 11 points 3 weeks ago

We are not electing our best and brightest.

[–] btaf45 8 points 3 weeks ago

The 2017 TCAJA raised taxes on all income groups under 75k to pay for gigantic tax cuts for billionaire elites.