What Donald Trump's no-tax pledges on tips, overtime and Social Security could cost

Contributing sentiments towards policy:

67% : "To those hotel workers and people who get tips, you are going to be very happy, because when I get to office we are going to not charge taxes on tips, people making tips," Trump said, adding: "We're going to do that right away, first thing in office.
54% : The loss of revenue could mean that Social Security would be unable to pay out its full benefits in 2033, two years ahead of the current estimate, according to Brendan Duke of the liberal Center for American Progress.
49% : Angling to bring back more overseas jobs and manufacturing to the U.S., Trump has said repeatedly that he wants higher tariffs on imported goods, and has said the idea wouldn't increase inflation.
48% : "Trump made the announcement in Nevada, a key battleground state with six electoral votes and home to the highest concentration of tipped workers in the country.
48% : "That gives people more of an incentive to work," Trump said in September at a campaign rally in Tucson, Arizona.
47% : Calling for a "new American industrialism," Trump suggested that the only way to avoid those charges would be for an automaker to build the cars in the U.S.Harris has described Trump's ideas for tariffs as a "sales tax" on American households that could cost a typical family roughly $4,000 annually.
46% : Trump has not specified whether he wants to exempt tips from just income taxes or from the payroll tax -- which funds Medicare and Social Security -- as well.
44% : Particularly as it relates to the U.S. auto industry, it's a notion he called for again recently in Savannah, Georgia, where Trump said he'd put a 100% tariff on every car imported from Mexico.
43% : The White House has said her views on the program are similar to Biden's, but Harris hasn't talked in detail about Social Security during her campaign.
43% : He's called for lowering the U.S. corporate tax rate from 21% to 15%, but only for companies that produce in the U.S."We're putting America first," Trump said.
43% : "As president, Trump signed legislation in 2017 that cut the corporate tax rate to 21% from 35%.Harris has said she believes that big corporations and the ultra-wealthy should pay more in taxes -- including a 28% rate for corporations -- and wants to use those revenues to help spur the construction of 3 million homes and offer tax breaks for parents.
43% : In a recent speech at the Economic Club of New York, Trump suggested that tariffs could be used to solve seemingly unrelated challenges such as the rising cost of child care in the U.S., as part of a broader promise that tariffs can raise trillions of dollars to fund his agenda without those costs being passed along to consumers in the form of higher prices.
39% : A look at Trump's various tax-related ideas:In June, Trump announced his plan to exclude workers' tips from federal taxes, saying he got the idea from a waitress at his Las Vegas hotel.
35% : If he's elected again, Trump could push Congress to enact some or all of his proposals, though that might be difficult if Democrats end up in control of either the House or the Senate.
35% : Trump has also said he would support legislation to eliminate taxes on overtime pay.
35% : Ahead of a September rally on Long Island, Trump pledged that he would "get SALT back," suggesting he would eliminate a cap on state and local tax deductions that were part of tax cut legislation he signed into law in 2017.
25% : A debate about the tax code will be a dominant legislative issue next year given that tax cuts Trump signed in 2017 will be set to expire.
23% : Trump has also pledged tax cuts for older Americans, posting on Truth Social in July that "SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!"

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