Donald Trump’s new proposal to exempt tips from taxation would add between $150 billion to $250 billion to the federal budget deficit over 10 years, a budget watchdog group forecast on Monday.The cost estimate from the nonpartisan Committee for a Responsible Federal Budget suggests that the plan’s deficit impact would be comparable and potentially much larger than the $172 billion projected revenue loss from extending the 2017 tax cuts for small businesses and other so-called pass-through companies due to expire next year.

Donald Trump’s new proposal to exempt tips from taxation would add between US$150bil to US$250bil to the federal budget deficit over 10 years, a budget watchdog group forecasts.

Trump has proposed to get rid of income taxes altogether at the cost of taxing poor people more than the top 0.1%

Stonecourt Capital Partner Rick Davis and Iona University Political Science Professor Jeanne Sheehan Zaino discuss Trump's potential plan to eliminate the income tax. They speak with Kailey Leinz and Joe Mathieu on ".