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Tag: No Tax on tips

Senate unanimously passes ‘no tax on tips act’
Approved, Daily Wire, National

Senate unanimously passes ‘no tax on tips act’

By Daniel Chaitin | Daily Wire On Tuesday, the GOP-led Senate unanimously passed bipartisan legislation from Sen. Ted Cruz (R-TX) that seeks to make good on President Donald Trump’s campaign promise for getting rid of taxes on tips. Axios reported earlier in the day that Senate Republicans were likely to block a request for unanimous consent for Cruz’s measure by Sen. Jacky Rosen (D-NV) because the GOP-controlled House is working on Trump’s “one big, beautiful bill,” which has its own “No Tax On Tips” component. However, that opposition did not materialize and Cruz’s “No Tax on Tips Act” passed by unanimous consent, which is an agreement that allows the upper chamber to bypass standard rules to speed up proceedings. READ TH FULL STORY AT THE DAILY WIRE...
Trump’s ‘one big, beautiful bill’ gets ‘no tax’ on tips and overtime
Approved, Daily Wire, National

Trump’s ‘one big, beautiful bill’ gets ‘no tax’ on tips and overtime

By  Daniel Chaitin | Daily Wire Two of President Donald Trump’s major tax-related campaign promises that will impact millions of American workers have made it into legislation proposed for the so-called “one big, beautiful bill,” albeit only for a period that would not last beyond his second term. “No Tax On Tips” and “No Tax On Overtime” appear in a 389-page measure released by the House Ways and Means Committee on Monday, with provisions saying the deductions would expire at the end of 2028. Another of Trump’s priorities, no tax on auto loan interest, made it into the legislation. READ THE FULL STORY AT THE DAILY WIRE