Obama Buyer's Remorse Spreading
We all know what the most overused catchphrase was in 2008: Hope and Change. It was the ridiculously vague Obama campaign slogan that seemed to resonate like a religious proverb to many Americans. Almost five years later the change is hopeless. The very same group the president captivated the most-unions and college students-are the most disenchanted. This week the IRS has announced changes to the tax rules concerning automatic tips at restaurants. In the past such tips were not treated as wages subject to withholding, it was left up to employees to report them to the IRS. The new rules will treat tip income as ordinary income subject to W2 withholding. Large restaurant chains such Darden Restaurants which operates Longhorns, Olive Garden and Red Lobster are discontinuing the practice of automatic tips.. as The lower income service workers who live on their tips between paychecks will be hurt-the same lower income workers are amongst Obama most fervent supporters. Another groups whic