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MCG24304 RRT S.L.C. 118t CONGRESS 2D SESSION . To amend the Internal Revenue Code of 1986 to eliminate the application of the income tax on cash tips through a deduction allowed to all individual taxpayers. IN THE SENATE OF THE UNITED STATES Mr. Cruz (for himself, Mr. DAINES, Mr. CRAMER, and Mr. ScoTT of Florida) introduced the following bill; which was read twice and referred to the Committee on To amend the Internal Revenue Code of 1986 to eliminate the application of the income tax on cash tips through a deduction allowed to all individual taxpayers. 1 Be it enacted by the Senate and House of Representa- 2 tives of the United States of America in Congress assembled, 3 SECTION 1. SHORT TITLE. 4 This Act may be cited as the “No Tax on Tips Act”. 5 SEC. 2. DEDUCTION FOR CASH TIPS. 6 (a) IN GENERAL.— 7 (1) DEDUCTION ALLOWED.—Part VII of sub- 8 chapter B of chapter 1 of the Internal Revenue Code 9 of 1986 is amended by redesignating section 224 as

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MCG24304 RRT S.L.C. 118t CONGRESS 2D SESSION . To amend the Internal Revenue Code of 1986 to eliminate the application of the income tax on cash tips through a deduction allowed to all individual taxpayers. IN THE SENATE OF THE UNITED STATES Mr. Cruz (for himself, Mr. DAINES, Mr. CRAMER, and Mr. ScoTT of Florida) introduced the following bill; which was read twice and referred to the Committee on To amend the Internal Revenue Code of 1986 to eliminate the application of the income tax on cash tips through a deduction allowed to all individual taxpayers. 1 Be it enacted by the Senate and House of Representa- 2 tives of the United States of America in Congress assembled, 3 SECTION 1. SHORT TITLE. 4 This Act may be cited as the “No Tax on Tips Act”. 5 SEC. 2. DEDUCTION FOR CASH TIPS. 6 (a) IN GENERAL.— 7 (1) DEDUCTION ALLOWED.—Part VII of sub- 8 chapter B of chapter 1 of the Internal Revenue Code 9 of 1986 is amended by redesignating section 224 as
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toussaint (toussaint@newsie.social)'s status on Sunday, 11-Aug-2024 23:33:50 JST toussaint

Trump recently embraced no tax on tips in a Nevada rally speech, today GOP senators Ted Cruz, Rick Scott, Steve Daines & Kevin Cramer just introduced the “No Tax on Tips Act.” They probably did this knowing someone will kill it, but who wants that smoke in an election year? Joe Biden thats who, probably, i dont know this, but i have a feeling. Here is the bill text, mostly technical language, no hidden tricks i can see.
tips are bullshit & should be illegal to be 50%+ of a workers base pay, btw

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