"Big, beautiful bill" could soon give tipped workers a new tax break. Here's what to know.
CBSN
President Trump's promise to eliminate taxes on worker tips could soon come to fruition as senators try to iron out the final details of a massive budget package he has dubbed the "big, beautiful bill."
One part of the legislation, the centerpiece of the Trump administration's economic agenda, would provide workers who rely on tips for a large share of their income, such as waiters, bartenders and hairdressers, with relief from federal income tax on those tips.
The White House has framed the tax cuts as a win for the working class. But critics such as the Independent Restaurant Coalition have pushed back on that notion, saying the benefits for tipped workers would be temporary and that this apparent tax cut wouldn't help most low-wage workers.
