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Senator Ted Cruz has introduced the 'No Tax on Tips Act,' a bill aimed at exempting tips from federal income taxes. The legislation, co-sponsored by GOP Senators Rick Scott, Steve Daines, and Kevin Cramer, aligns with a proposal recently embraced by former President Donald Trump. The 3-page bill has sparked discussions among Republicans and has raised concerns from watchdogs about its potential impact on the federal deficit, which could increase by $250 billion or more over a decade.
Sen. Ted Cruz introduced a bill that would exempt tips from the federal income tax. https://t.co/ogePu4Qtlf
Senator Ted Cruz introduces legislation to enact Donald Trump’s proposal to eliminate federal taxes on tips, dismissing concerns that it could increase the deficit https://t.co/k1Czi0EgH4
Ted Cruz introduced legislation to codify Donald Trump’s proposal to eliminate federal taxes on tips, dismissing concerns from watchdogs that it could increase the deficit by $250 b or even more over a decade. Via @StevenTDennis https://t.co/9TQqCf2gEN
