Trump, no tax on tips
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Nixing income taxes was one of President Donald Trump's top policy promises during his 2024 election campaign.
Nev., called up the bipartisan bill for immediate passage, and no senator objected. The measure now goes to the House.
The budget bill approved by the House promises to benefit many food workers, but some details are still unclear.
Polling suggests no taxes on tips is a popular idea across party lines, but critics say the proposal will benefit few lower-income workers.
The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) brought the No Tax on Tips Act to the floor with the expectation that it would be blocked,
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Money Talks News on MSNNo Tax on Tips Bill Passes Senate HurdleThe Senate unanimously passed the No Tax on Tips Act, fulfilling a key Trump campaign promise. The bipartisan bill would provide tax deductions for millions of tipped workers despite concerns from economic experts.
A bipartisan bill that passed the U.S. Senate by unanimous vote on May 20 could mean no income tax on tips for bartenders and restaurant workers, as well as other occupations that rely heavily on ...
The Republican members of Congress from Louisiana should explain why they are giving the economic equivalent of a middle finger to plumbers, nursing assistants, HVAC repairmen, graphic designers, sales reps,
The proposed tax break allows tipped workers to deduct reported tips from their earned income ... Yes, though this could change. First, no one considered a "highly compensated employee ...
Lawmakers recently passed measures to exempt tips from income tax, but some worker advocates and labor experts say it could encourage employers to keep wages low.