
Former President Donald Trump has proposed several significant tax policy changes during recent meetings with GOP lawmakers and top CEOs. He emphasized a plan to exempt income earned from tips from federal taxes, a move that has garnered positive feedback from various quarters. Trump also floated the idea of eliminating the income tax entirely, potentially replacing it with tariffs and a 20% corporate tax rate. These proposals were discussed during a Business Roundtable meeting in Las Vegas, where Trump aimed to win over corporate leaders with promises of tax cuts and reduced regulations. Additionally, Trump announced this plan during a visit to Capitol Hill. Rep. Thomas Massie plans to re-introduce Ron Paul's original Tax Free Tips Act to support this initiative. However, reports indicate mixed reactions from the CEOs, with some describing his presentation as unfocused and meandering.

























Trump’s tax proposal to replacing a major amount of income-tax revenue with tariffs is a prescription for the mother of all stagflations. It burdens the middle class and the poor who purchase goods on international markets. It would also create worldwide economic warfare. The…
"When I get to office we are going to not charge taxes on tips," Trump said at a recent rally in Las Vegas. Even if this is nothing more than empty pandering, it's an idea that deserves to be taken seriously. https://t.co/M7DyDn7xS7
Top CEOs Are Flocking to Trump Again in Bid to Shape Agenda - WSJ https://t.co/t7mJCl40zS