So the idea now that more folks working their way up the economic ladder can now enjoy no tax on tips and no tax on overtime, which will actually incentivize people to work more, which we need without seeing their tax bill go up. Employees and self-employed individuals can now deduct up to $25,000 on qualified tip income through 2028. Next time you go to a restaurant or a bar, why don't you ask the waitstaff what they think about President Trump's no tax on tips and no tax on overtime. (13:54–14:03)
CLAIM
Asserts that employees and self-employed individuals can deduct up to $25,000 on qualified tip income through 2028.
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.
