NO TAX ON TIPS LEGISLATION PASSES SENATE 100-0
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In a significant move for service industry workers across the United States, U.S. Senator Ted Cruz of Texas announced the Senate's unanimous approval of the No Tax on Tips Act.
This legislation received overwhelming support with a 100-0 vote, marking an important step toward exempting tips from federal income tax and protecting the income of millions who rely on gratuities as a substantial part of their wages.
Senator Cruz expressed his commitment to this cause, aligning with President Trump's campaign promise to relieve the tax burden on tipped income. He stated, "President Trump made a promise to the American people that he would eliminate taxes on tips. In Congress, I formed a bipartisan, bicameral coalition to get that done, and in the Senate, I introduced the No Tax on Tips Act."
This collaborative effort, which paired Senator Cruz with Senator Rosen to rally support, highlights a broader, bipartisan recognition of the financial struggles faced by many American workers. These individuals, as Cruz noted, "are living paycheck-to-paycheck," and stand to benefit significantly from this legislative relief.
The details of the bill are straightforward yet impactful. It allows taxpayers to claim a 100% deduction for cash tips, including those received via credit and debit cards and checks, during tax filing. This provision is a targeted measure, ensuring that the benefits reach traditionally tipped employees.
Senator Cruz's advocacy for financial relief extends beyond this bill. He has played a pivotal role in implementing tax reforms, such as the historic 2017 tax overhaul designed to reduce taxes for the majority of American taxpayers. His efforts have included significant tax cuts for small businesses, farmers, and job creators, which have contributed to job growth in Texas.
Furthermore, his involvement in the passage of the USMCA trade agreement further demonstrates his commitment to enhancing the state's economic landscape.
These achievements have not gone unrecognized. The U.S. Chamber of Commerce honored Senator Cruz with the "Spirit of Enterprise" award, celebrating his ongoing support for businesses of all sizes throughout Texas.
As the No Tax on Tips Act progresses to the House, its passage would solidify a legacy of substantial economic support for American workers, reaffirming the Senate's role in enhancing financial stability and fairness. The bill stands as a testament to Senator Cruz's dedication to protecting the earnings of those who contribute to the nation's economic backbone, one tip at a time.
Read Bill: No tax on tips act
This legislation received overwhelming support with a 100-0 vote, marking an important step toward exempting tips from federal income tax and protecting the income of millions who rely on gratuities as a substantial part of their wages.
Senator Cruz expressed his commitment to this cause, aligning with President Trump's campaign promise to relieve the tax burden on tipped income. He stated, "President Trump made a promise to the American people that he would eliminate taxes on tips. In Congress, I formed a bipartisan, bicameral coalition to get that done, and in the Senate, I introduced the No Tax on Tips Act."
This collaborative effort, which paired Senator Cruz with Senator Rosen to rally support, highlights a broader, bipartisan recognition of the financial struggles faced by many American workers. These individuals, as Cruz noted, "are living paycheck-to-paycheck," and stand to benefit significantly from this legislative relief.
The details of the bill are straightforward yet impactful. It allows taxpayers to claim a 100% deduction for cash tips, including those received via credit and debit cards and checks, during tax filing. This provision is a targeted measure, ensuring that the benefits reach traditionally tipped employees.
Senator Cruz's advocacy for financial relief extends beyond this bill. He has played a pivotal role in implementing tax reforms, such as the historic 2017 tax overhaul designed to reduce taxes for the majority of American taxpayers. His efforts have included significant tax cuts for small businesses, farmers, and job creators, which have contributed to job growth in Texas.
Furthermore, his involvement in the passage of the USMCA trade agreement further demonstrates his commitment to enhancing the state's economic landscape.
These achievements have not gone unrecognized. The U.S. Chamber of Commerce honored Senator Cruz with the "Spirit of Enterprise" award, celebrating his ongoing support for businesses of all sizes throughout Texas.
As the No Tax on Tips Act progresses to the House, its passage would solidify a legacy of substantial economic support for American workers, reaffirming the Senate's role in enhancing financial stability and fairness. The bill stands as a testament to Senator Cruz's dedication to protecting the earnings of those who contribute to the nation's economic backbone, one tip at a time.
Read Bill: No tax on tips act
