Trump's Tip Tax Promise

This is a news story, published by MSN, that relates primarily to Vern Buchanan news.

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Tipped Income Protection

NewsNation

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Business

Business & Economics

No taxes on tips closer to reality with multiple pathways

Summary

Nutrition label

79% Informative

There is cautious optimism that no tax on tips will become law as part of the federal budget reconciliation currently being negotiated.

Two bills in the House that could address the topic are in the works of Rep. Vern Buchanan , R-Fla., and Rep. Steven Horsford , D-Nev., have introduced bills.

Buchanan 's bill exempts taxes on tips up to $25,000 , while the other's does not.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech