"Trump's Tax-Free Tips Proposal Sparks Debate"
TL;DR Summary
Sen. Ted Cruz introduced the "No Tax on Tips Act," a bill to exempt tips from federal income tax, co-sponsored by Republican Sens. Steve Daines, Rick Scott, and Kevin Cramer. The legislation aims to support workers who rely on tips, addressing inflation concerns attributed to the Biden administration. This follows a similar House bill and aligns with former President Trump's recent advocacy for tax-free tips.
- Sen. Cruz introduces bill to make tips exempt from federal income taxes Fox Business
- The Memo: Trump’s ‘tax-free tips’ proposal grabs headlines even as experts raise eyebrows The Hill
- What Trump's proposal to exclude tips from taxes could mean for workers The Associated Press
- Is America approaching peak tip? The Economist
- Trump's no-tax plan on tips: A Vegas-style gamble Axios
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