The Democrat's point isn't that workers shouldn't get tax cuts, but that he gave a $6,000 tax break to top earners, and gave even larger cuts to the wealthy overall.
That's...not how it works, like, at all. It's a tax credit, not actual money that you pocket additionally from your existing paycheck. It also only lasts until 2028.
I am sure they would! but that isn't what the law says. Its a $25k DEDUCTION.
If someone earned $125k salary + $25k in tips. Their taxable income would decrease by about $6k (or $500/mo, 4% overall).
Okay. I think they would also like an extra $6k.
The Democrat's point isn't that workers shouldn't get tax cuts, but that he gave a $6,000 tax break to top earners, and gave even larger cuts to the wealthy overall.
Deducting 25k does not mean taking home an extra 25k. It means, probably, somewhere around $1-3k, depending on their tax bracket.
That's...not how it works, like, at all. It's a tax credit, not actual money that you pocket additionally from your existing paycheck. It also only lasts until 2028.