To help pay for Trump tax cuts, new taxes on worker benefits become GOP target
To help pay for Trump tax cuts, new taxes on worker benefits become GOP target
The GOP Congress is looking at including employer-provided benefits like free transportation, food and gyms as taxable income as a way to pay for tax cuts.
Summary
House Republicans are considering taxing employer-provided benefits like transit passes, free meals, and on-site gyms to help offset the cost of Trump’s proposed $10 trillion tax cuts.
The move could generate $157 billion over 10 years but faces opposition due to its potential impact on worker morale and return-to-office policies.
Experts warn it could lower employee productivity and force companies to reconsider benefits.
While the proposal remains uncertain, lawmakers may be forced to adopt unpopular measures to fund the tax cuts amid a $36 trillion federal deficit.
Awesome, way to combine RTO mandates with also cutting commuter benefits - can’t wait to pay an extra $100/mo to take the train instead of driving.
Especially with the dipshit control freaks looking to have everyone "back in the office".
I wonder how many redhat dipshits still think that 10 trillion dollars being given to the already obscenely rich will be "trickling down" to them.
And this is AFTER they keep lecturing the Democrats on how they "lost the working class"...what do you tell voters who are so stupid as to believe this kind of thing? At what point do you HAVE to blame the voters for being this stupid?
For what it's worth, most red hats either didn't have a cushy job with these benefits, or have such a cushy job that they don't need/use the benefits. A lot of red hats were pissed people could work from home because they don't have the opportunity to (factory/field service/onsite work), so they feel like this is fine. This will probably disproportionately affect college educated libs. Rich CEOs have their own gyms, poor Rs never got the luxury.
To be honest, most workers would rather have a much different thing than things like free meals/snacks and other kinds of perks. Most of them would rather be treated like adults and be allowed to work from home full or most of the time. But if a company insists on having them come in and gives a perk that takes the sting out of that cost, it's the least they could do.
But I guess the edgelords like Musk cannot even have that. Soon to be trillionaire telling others they should "live within their means".
Also, the red hats that have jobs that don't let them work remotely, but want to make the lives of others worse? Fuck them with a rusty chainsaw.
i hope it passes. the working class revolution needs to happen sooner rather than when they decide to outlaw guns and put up a great firewall.
Will Left Accelerationism work ?
There's no historical evidence to suggest that it would.
Don't know if this was an article from a regular columnist or a guest contributor, but it seems the editor missed a detail. The US has a $36 trillion debt, not a $36 trillion deficit.
Debt does not mean what you think it means when you can print your own money. It's a term used to push political agendas.
Jesus fuck these ideas to make a bad idea seem good just keep getting worse.