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Franchisee Jesse Kaiser says new tax plan raised tipped workers' take-home pay and funded expansion
Summary
Jesse Kaiser, a St. Louis multi-unit franchisee, told a committee that a new tax plan and related measures — including a ‘no tax on tips’ policy, FICA tip credit and bonus depreciation — have increased take-home pay for about 400 tipped employees and supplied capital for yearly expansion.
Jesse Kaiser, a multi-unit, multi-brand franchisee based in St. Louis, testified that a recent tax plan has increased the take-home pay of his tipped employees and helped finance his company’s expansion.
Kaiser, speaking in testimony, said he employs about 400 tipped workers and credited provisions he described as a “no tax on tips” policy and the FICA tip credit for placing…
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