r/neoliberal • u/Saltedline Hu Shih • Dec 03 '24

Trump vows to block Nippon Steel's planned purchase of US Steel News (Asia)

https://mainichi.jp/english/articles/20241203/p2g/00m/0bu/020000c
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u/sponsoredcommenter Dec 03 '24

I really love how Washington regularly embraces in good faith bipartisan unison, but only for the most idiotic causes you've heard of.

371

u/Obvious_Chapter2082 Greg Mankiw Dec 03 '24

  1. No taxes on tips

  2. Tariffs

  3. Now this

I might need to get an actual list going

5

u/Xpqp Dec 03 '24

No taxes on tips is good for a presidential campaign because a lot of people in purple Nevada rely on tips. It works for Democrats in general because they view tipped workers as poor. It works for Republicans because fuck taxes.

But it's such a stupid policy. Tipping has gotten completely out of control already, and eliminating taxes on tips will only make it worse.

1

u/Fkn_Impervious Dec 04 '24

It works for Republicans because taxes on tips (that are declared) contribute to social security and Medicare, and the employers have to match those taxes.