It phases out and it becomes and they are much smaller reductions in tax liability than people are expecting. Let's be clear. The people who benefited most from the Republican tax bill do not get tips. The one big beautiful bill for billionaires made the benefits for billionaires permanent and made these tax on tips temporary. Republicans are so well known to be good at making messaging, but this time they can't message their way out of reality. American families are feeling the pain every single day. (02:49–03:00)
CLAIM
Asserts that the tax bill made benefits for billionaires permanent while making tax exemptions on tips temporary.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
