Urgent.News

What's breaking now, across thousands of outlets.

Business

The Trump slump: Why the US president’s promised ‘No Tax on Tips’ isn’t enough to keep Las Vegas workers afloat

LAS VEGAS, Aug 29 — After more than 30 years in the Las Vegas restaurant industry, waiter Aaron Mahan ought to be...

The Trump slump: Why the US president’s promised ‘No Tax on Tips’ isn’t enough to keep Las Vegas workers afloat

In Las Vegas, the impact of former US President Donald Trump's "No Tax On Tips" policy has been overshadowed by the decline in tourist numbers. Aaron Mahan, a 53-year-old waiter with over 30 years of experience in the city's restaurant industry, has noticed a significant decrease in his income. Due to a 7.5% drop in visitors, he now makes $2-3,000 less per month than before.

The Culinary Union, which represents 60,000 hospitality workers in Nevada, reveals that thousands of its members are facing job cuts or reduced hours. Despite the policy allowing for the deduction of up to $25,000 in tips from taxable income, this relief is insufficient to compensate for the substantial reduction in tips. The policy may have bolstered Trump's support in swing states like Nevada, but 30% of voters still disapprove of his economic handling.

Many Americans are making cutbacks due to persistent inflation, fueled by rising oil prices from the US-Israeli war on Iran. The drop in tourist numbers, particularly from Canada, has led to a 7.5% decrease in visitors, making Las Vegas feel less lively than ever.

Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at malaymail.com →

More in Business

More from Saturday 29 August →