Harris mirrors Trump proposal to end federal taxes on tips

Harris mirrors Trump proposal to end federal taxes on tips

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses a proposal to eliminate federal taxes on tips, which has gained bipartisan support from both presidential candidates. Workers have mixed reactions, with some welcoming the change and others preferring to keep the taxes. Vice President Kamala Harris and former President Donald Trump have both promised to eliminate these taxes, sparking a debate on the economic impact. Yale University's budget lab estimates that 4 million tip workers could benefit, while the Committee for a Responsible Federal Budget warns of a significant reduction in federal revenues.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the main proposal discussed in the text regarding federal taxes?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns do some workers have about the proposal to eliminate taxes on tips?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How do the presidential candidates' promises regarding taxes on tips impact workers?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What demographic is primarily affected by the current tax situation on tips according to the text?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential financial implications of exempting tips from income and payroll taxes?

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