This will estimate to boost incomes by an average of $1,300 per year. With these policies, we are rewarding everyday Americans hard work and we're not waiting. These provisions are retroactive, meaning that people will see the benefits of no taxes on tips and overtime this year, even for hours worked prior to this bill passing. I was very proud to join my colleagues in delivering on this commitment to the American people and I can't wait to see how it benefits them all. (02:57–03:08)
CLAIM
Asserts that the tax provisions are retroactive to the current year.
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