Trump Speech To Congress Renews Call For No Tax On Tips

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Blue Yonder: 2024 Business Review

Trump Speech To Congress Renews Call For No Tax On Tips

^{Published on 2025-03-05 11:01:13 - Forbes}

Trump speech to Congress doubles down on his desire for no tax on tips as well as no tax on overtime pay for American workers

In a speech to Congress, former President Donald Trump renewed his call for eliminating taxes on tips, a proposal aimed at appealing to service industry workers. Trump's suggestion comes as part of his broader economic policy to provide relief to the middle and working classes. He argued that removing the tax burden on tips would directly benefit millions of Americans who rely on gratuities as a significant portion of their income. This policy, if implemented, would represent a significant shift in tax policy, potentially affecting federal revenue and the tipping culture in the U.S. Critics, however, have raised concerns about the fiscal implications and the fairness of such a tax exemption, questioning its long-term sustainability and potential for abuse.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/shaharziv/2025/03/05/trump-speech-to-congress-renews-call-for-no-tax-on-tips/ ]

Contributing Sources

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Trump Speech To Congress Renews Call For No Tax On Tips