Posts tagged payroll taxes
Senate unanimously approves $25,000 tax break for tipped workers
May 21, 2025 // There are stipulations in the new bill: an employee with compensation exceeding $160,000 in the prior tax year would not be eligible to claim the new tax deduction for tips. The bill is limited to cash tips received by occupations that are customarily tipped. "Tipped occupations" are jobs where tips are common in the U.S., such as waiters, waitresses and professionals providing beauty services like barbering, hair care, nail care, esthetics, body and spa treatments.
Reforms to Mitigate the Wage Effects of Employer Health Coverage
April 28, 2025 // Congress also should go beyond redistribution and reform ESI to slow premium growth in future years. While ESI has many positive characteristics, individual employers struggle to control costs. Even large employers lack the scale to change how medical services are delivered to patients, and many companies do not want to upset their workers with more restrictive health coverage than is the norm among their competitors. The solution to this collective action problem is to establish rules for all ESI plans that push the entire market toward more cost discipline. For instance, ESI coverage should incentivize strong price competition by sharing savings with plan enrollees who select lower-priced suppliers of services. Employers also should offer to their workers at least one health plan which meets strict criteria for high-quality and low-cost care.
Op-Ed: The Case for Gig Worker Benefits
December 19, 2024 // Independent workers miss out on many fringe benefits associated with regular employment, such as disability insurance, life insurance, or health insurance. They are also ineligible for paid family or medical leave. In 2022, the proportion of self-employed adults lacking health insurance (18 percent) was substantially higher than that among all working-age adults (12 percent). These disparities result to some extent from tax policy. For the best part of a century, businesses have provided health insurance, pensions, and other fringe benefits to employees with pretax dollars—perks that self-employed workers did not enjoy.
Former Law Enforcement Union Officials Sentenced To Prison For Defrauding Union’s Annuity Fund
January 19, 2024 // U.S. Attorney Damian William said: “Kenneth Wynder and Andrew Brown raided union-sponsored retirement accounts for years, placing their self interest over the hard-working public servants they represented as the president and financial advisor of the union, respectively. Wynder also evaded taxes on cash, checks, and other income he obtained from the union, including as a product of their theft from the union members’ retirement accounts. Union officials and advisors who violate their duties to the union members they represent will face serious consequences for their abuse of trust.”
Newsom in the hot seat after California passes bill to give striking workers unemployment benefits
September 15, 2023 // At an event hosted by Politico on Tuesday, the governor expressed concerns about the unemployment insurance fund's debt but didn't say whether he would veto the bill. California's unemployment fund is more than $18 billion in debt after it borrowed money from the federal government to pay for unemployment benefits. "I think one has to be cautious about that before you enter the conversation about expanding its utilization," Newsom said. Democrats, on the other hand, have been voicing their support for the unions.
The ‘Su Tax’: California Businesses Are Still Paying for Biden Nominee Julie Su’s $31B Mistake
May 3, 2023 // Julie Su is on Capitol Hill auditioning to be President Joe Biden’s next labor secretary, but back in her home state of California, businesses are paying what some call the "Su Tax"—a hike in payroll taxes to make up for the massive fraud that took place on her watch during the COVID-19 pandemic.