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Trump signs no tax on tips or overtime into with 'One, Big, Beautiful Bill'
NBC News· 2025-07-05 16:56
We will have no tax on tips, no tax on overtime. That was a campaign promise of President Trump's. Now he's signing it into law as part of his so-called one big beautiful bill.As this takes effect, the impact on the economy and individuals will likely be mixed. Tipped workers make up just 2 and 12% of the US workforce, and as many as 40% of those tipped workers already don't make enough money to have to pay federal income tax on any of their earnings. Still, about 12% of hourly workers clock some overtime e ...
Deputy Treasury Secretary Faulkender: Still looking to bring tax bill to Senate floor on Thursday
CNBC Television· 2025-06-24 12:55
President Trump and his team making one final push to get the president's tax bill across the finish line by next week. Michael Falcon there is uh the deputy treasury secretary and uh Mr. . Secretary it's good to see you from watching from where we are.It just seems like there's you know so many we're going to have Ran Paul on for example there's so many different constituencies you know single person constituencies on both of we just had Michael on as well. Are you confident that when push comes to shove t ...