Former Secretary of State Hillary Clinton recently spoke out strongly against a bill proposed by former President Donald Trump, which proposed tax exemptions for tips and overtime pay. Clinton said that this policy, although introduced in the name of supporting workers, is actually a folk measure and is not economically sustainable.
In a statement of support released today, Clinton said: "I do not support this bill. This is not how we should run our economy or support our working class. Rather than addressing the root causes of income and inequality, this proposal is just another political tactic to buy votes."
According to Clinton, completely exempting tips and overtime from taxes could create huge holes in the national budget and risk underfunding social programs. "We need comprehensive, fair, long-term tax reform, not short-term policies designed to appeal to voters during election season," she added.
Trump's bill is currently attracting widespread public attention, especially from service industry and small business groups. However, the reaction from politicians and economists has been quite divided, with many expressing concern that the issue could have negative impacts on the federal tax system.
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