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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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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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[–] [email protected] 1 points 3 weeks ago

yeah so that all makes sense. i think though that what that would mean is when they reshuffle and things wash out, people will end up with a higher salary and fewer benefits than they would have otherwise

that also makes it much easier for employees to evaluate new jobs directly on compensation rather that foggy benefits