Experts say no tax on tips will not benefit workers

The video discusses the political divide on tax policy, focusing on a proposal to eliminate taxes on tips. Both political parties surprisingly agree on this issue, but experts like Steven Rosenthal argue it is not beneficial. The proposal could lead to revenue losses and only help a small fraction of workers. Alternatives like raising the minimum wage and increasing corporate taxes are suggested. The federal minimum wage has not kept pace with inflation, and while many states have taken action, it remains a contentious issue on Capitol Hill.

In what ways could increasing the minimum wage be a better solution than eliminating taxes on tips?

What are the implications of the current federal minimum wage in relation to inflation and historical standards?