To help pay for Trump tax cuts, new taxes on worker benefits become GOP target
... House Republicans recently floated
a list of potential measures to help compensate for lost revenue from
trillions of dollars in tax cuts championed by President Donald Trump.
Taxing employees for fringe benefits such as employer-provided
transportation, free food and on-site gyms is up for discussion. ...
To be sure, these proposals are still in the early stages and there’s a lot of jockeying by lawmakers to accommodate Trump’s $4 trillion extension of the 2017 tax cuts as well as make good on campaign promises for tax breaks on tips, overtime pay and Social Security benefits — in all, the tax cut promises made on the campaign trail by Trump could take the total to near $10 trillion. The situation is especially tenuous given the hefty $36 trillion federal deficit. ...
Whatever gets passed will happen under reconciliation anyway, and therefore will be . . . temporary, just like Trump.
All of this small thinking is a reflection of the reality of the GOP's narrow majority in the US House, about which Donald Trump seems to care not at all, and will therefore most likely lose in 2026 unless Republicans push back against Trump, do what's right, and maybe save their own skins.
