David Pakman

That's what I care about.

The most tragic part of all of it though, is that there is no, there is no, no tax on tips in the bill.

Uh, what this is is a deduction and it requires five minutes of discussion, but this is something that it'll benefit the average tipped worker.

at the most a couple hundred bucks a year, which I'm not dismissing as nothing, but when you're thinking about child tax credits of a couple thousand bucks and different things, there's lots of other things that can be done for working class people.

Um, you get to deduct up to $25,000 in tips from your federal income.

Uh, the vast majority of tipped workers are paying very little, if any federal income tax.

So there's actually not that much left to deduct.

Same thing with no tax on, on social security.

Uh, Trump raised the deduction a little bit, uh, for seniors, but these are like not at all the policies that are being presented with these one liners and people are doing their taxes.

Now we just passed the tax deadline.

of April 15th and seeing that their tax liability really hasn't changed actually that much because of these bills.

Now, will they remember that in November when they vote?

I don't know, but it doesn't strike me as a winning message, at least the way that he's presenting it.

Yeah, I mean, I don't think Trump realizes the degree to which stock market holdings are highly, highly concentrated at the top.

And a lot of people do have 401ks and retirement accounts that are, that are tagged to the market.

But in terms of holdings, it's a relatively small amount of money compared to the very wealthy.

It's interesting to see that a message that they correctly, the Trump people correctly identified during the Biden presidency, that simply repeating that everything's awesome.

doesn't convince people if they don't feel that it's awesome.

Now I'm using the word feel because it may be pretty good by most economic metrics, but perception really is reality with the economy and how it feels when you're looking at how much money is left at the end of the month.

What's, what's coming in, what's going out and what, what are my expenses?