How do you make over 2 million potential voters really happy in a single day? Promise to stop taxing their tips!
Ron Paul has introduced the Tax Free Tips Act in a speech to congress on September 25, 2007. Talk about a great way to garner the support of an entire industry! According to the Bureau of Labor Statistics, in 2004 there were almost 1.9 million waiters and waitresses, 337 thousand bartenders and 280 thousand hosts/hostesses that would all benefit from this bill. That is a huge swath of the voting public to make happy with a single piece of legislation. Add this to the large military support for Dr. Paul and it is looking good for is campaign.
If you support Ron Paul then tell your Waiter/Waitress about this bill next time you eat out. They all need to here about the man trying to save their tips!
Here is the speech:
Introducing the Tax Free Tips Act
Ron Paul Speech to Congress
September 25, 2007
Madam Speaker, I rise to help millions of working Americans by introducing the Tax Free Tips Act. As the title suggests, this legislation makes tips exempt from federal income and payroll taxes. Tips often compose a substantial portion of the earnings of waiters, waitresses, and other service-sector employees. However, unlike regular wages, a service-sector employee usually has no guarantee of, or legal right to, a tip. Instead, the amount of a tip usually depends on how well an employee satisfies a client. Since the amount of taxes one pays increases along with the size of tip, taxing tips punishes workers for doing a superior job!
Many service-sector employers are young people trying to make money to pay for their education, or single parents struggling to provide for their children. Oftentimes, these workers work two jobs in hopes of making a better life for themselves and their families. The Tax Free Tips Act gives these hard-working Americans an immediate pay raise. People may use this pay raise to devote more resources to their children’s, or their own, education, or to save for a home, retirement, or to start their own businesses.
Helping Americans improve themselves by reducing their taxes will make our country stronger. I, therefore, hope all my colleagues will join me in cosponsoring the Tax Free Tips Act.