Trump's Proposal to Eliminate Taxes on Tips Gains Bipartisan Support from Nevada Senators

Jul 12, 2024, 07:39 PM

Former President Donald Trump's proposal to eliminate federal income taxes on tips has garnered bipartisan support. U.S. Senators Catherine Cortez Masto (D-NV) and Jacky Rosen (D-NV) have joined Senator Ted Cruz (R-TX) in co-sponsoring the No Tax on Tips Act. The bill, introduced on July 12, seeks to amend the Internal Revenue Code to exempt cash tips from federal income tax. This move is particularly significant for Nevada, which has the highest percentage of tipped workers in the country. The proposal aims to provide financial relief for hospitality workers who are facing rising costs. Initially, Rosen criticized the plan as a distraction but has since endorsed it, highlighting its potential benefits for Nevada’s service industry workers.