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Trump's push to end taxes on tipped wages is taken up by House GOP

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House Republicans are introducing a bill to codify former President Trump's campaign pitch to stop taxing tipped wages for service industry workers.

A new House GOP bill aims to end taxation on tips after former President Trump promoted the idea earlier this month. Reps. Thomas Massie, R-Ky., and Matt Gaetz, R-Fla., introduced the legislation on Tuesday, with Rep. Marjorie Taylor Greene, R-Ga., joining as a co-sponsor. Gaetz and Greene are two of Trump’s most vocal allies on Capitol Hill.

However, the nonpartisan Committee For a Responsible Federal Budget projected that if implemented, the proposal could reduce federal revenue by at least $150 to $250 billion over a decade. GET FOX BUSINESS ON THE GO BY CLICKING HERE Currently, both cash and non-cash tips are subject to federal income taxes.

 

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