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.

  • CharlesDarwin@lemmy.worldEnglish
    14·
    9 hours ago

    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?

    • Pilferjinx@lemmy.world
      11·
      9 hours ago

      I don’t think they’re getting the memo to what’s actually happening. They think they’re still fighting a culture war when it’s always been a class war.