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Business owners could hardly believe their ears. In the span of a few days both<\/a> presidential candidates endorsed<\/a> a policy that would solve one of their biggest headaches and cost them nothing.\u00a0<\/p>\n When former President Donald Trump and Vice President Kamala Harris proposed<\/a> to eliminate taxes on tips<\/a> they saw an easy way to give their employees a much-deserved raise. Fortune<\/em> spoke to several business owners whose staff earn part of their wages in tips all of whom welcomed the initiative on the grounds it would benefit<\/a> their employees.\u00a0<\/p>\n \u201cI may be a unicorn here, but I am all about my employees making as much money as they can and bettering their livelihood and their families\u2019 situation,\u201d said Carl Sobocinski, founder and president of Table 301 Restaurant Group which owns five restaurants in Greenville, S.C.\u00a0\u00a0\u00a0<\/p>\n Chris Stephens, who handles PR for his wife Maria\u2019s Boston-based tour guide company, Boston Hidden Gems, said they were thrilled for what it could mean for their tour guides, who he estimated make between 20% and 30% of their compensation in tips. \u201cWe would love it for our employees, as it would mean more money in their pocket,\u201d he said.\u00a0<\/p>\n In Sobocinski\u2019s restaurants, most of servers\u2019 income comes from tips. Sobocinski and his CFO Richard Vogt crunched the numbers and estimated servers could save on average 16% to 19% in taxes if the policy were to become law. At his restaurants, the average server who makes about $48,000 a year, $41,000 of which was in tips, would save $6,600 in taxes, he told Fortune<\/em>. Meanwhile, the highest paid servers, who make $81,000 a year, with $69,000 in tips, would take home an additional $13,000 a year, according to Vogt\u2019s calculations.\u00a0\u00a0<\/p>\n While the policy proposal was meant to benefit workers it would also benefit the businesses themselves, according to Keith Hall, a labor economist at the Mercatus Center at George Mason University. \u201cAnything that affects taxing workers is shared by both the worker and the employer,\u201d Hall said<\/p>\n Business owners would be able to offer higher real wages<\/a> without incurring additional costs\u2014a proposition that is especially appealing in the restaurant business, where margins are razor-thin.\u00a0<\/p>\n \u201cTo me, as a business owner, it\u2019s a win-win,\u201d said David Viana, coowner and executive chef of Heirloom Kitchen, a restaurant in Old Bridge, N.J.\u00a0<\/p>\n As a result, business owners could be incentivized to push more of their employees\u2019 pay into tips, according to Hall. Both because it\u2019s what the employees would want; and because by doing so, they would reduce their own payroll, and the payroll tax businesses have to pay.\u00a0<\/p>\n Viana, Sobocinski, and Stephens all said they didn\u2019t plan to change how they compensated their employees, but they did acknowledge that tips would become much more appealing. Still they emphasized the importance of increasing take-home pay for their workers amid rising cost of living crisis.\u00a0<\/p>\n\n