We cut taxes on up to $12,500 of overtime pay for more than 80 million hourly workers. This is estimated to increase yearly take home pay by more than $1,400. The bill also eliminates federal taxes on up to $25,000 of tips for Americans 4 million tipped workers. As a former waitress, I know how valuable this provision would be. And this applies to all tips with whether there are tips that are cash or on credit, all tips qualify for the no tax on tips. (02:20–02:31)
CLAIM
Asserts that the bill removes federal taxes on tips for 4 million workers.
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