Senate Passes Bill Eliminating Taxes on Tips

The US Senate passed a bill to eliminate taxes on tips, a key promise from President Trump's campaign. The bill, passed swiftly by the Republican-led Senate, provides a tax deduction of up to $25,000 for tip income for those earning $160,000 or less in 2025. One Senator commented, "This is a victory for hardworking Americans." The bill now faces consideration in the House, where Democrats have expressed concerns about its potential cost. The legislation is part of a broader Republican agenda to reduce taxes and stimulate the economy. While the bill's passage is a win for the Republicans, its future remains uncertain in the House.