💨 Abstract

During his presidential campaign, Donald Trump proposed eliminating taxes on tips, a move also supported by Kamala Harris. Recently, House Republicans introduced a tax bill to make tips tax-free through 2028. Critics urge cautious drafting, while legislative leaders aim for rapid passage by Memorial Day. The proposal, affecting about 2.5% of U.S. workers, may reduce Social Security benefits and alter payment models.

Courtesy: wtop.com