UBS On-Air: Paul Donovan Daily Audio 'Taxes or tips?'
UBS On-Air: Market Moves · Podcast owner
January 6, 20252m 4s
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Show Notes
US President-elect Trump has been posting on social media in support of a single budget bill through Congress. A single bill might take longer to pass, delaying policy implementation. Trump advocated taxing US consumers of foreign goods to pay for an abolition of taxes on tips. (Tipping has been a hidden inflation force in the US, raising the cost of services without being recorded in inflation data).