Proposed Tax Cut on Tips Could Increase Server Income

Proposed tax cut on tips could increase server income

LEXINGTON, Ky. (ABC 36 NEWS NOW) — In President Donald Trump’s ‘One Big Beautiful Bill,’ he proposes a cut on taxes for qualified tips. On Friday, the bill did not make it out of committee, because several conservative Republicans joined all Democrats in voting against it. The failed vote, 16-21, stalls, for now, House Speaker Mike Johnson’s push to have the package approved next week. But the holdout lawmakers vowed to stay all weekend to negot…

Exhibitions & Conferences Alliance welcomes US tax and workforce bills

The Exhibitions & Conferences Alliance (ECA) has welcomed two new bills passed in the USA House of Representatives that support key tax policies and expand workforce development for the events industry. The “One Big, Beautiful Bill”, from the House Ways & Means Committee, preserves existing tax treatment for business profits, private investment and association events. It also expands the use of Section 529 savings plans to cover licenses and cer…

No tax on Tips, Child Tax Credit and Business tax Cuts Survive in big House GOP Bill

WASHINGTON, D.C. – House Republicans advanced the tax portion of the “one big, beautiful” reconciliation package early Wednesday, a step forward in permanently extending, and in some cases expanding, the 2017 tax law and temporarily handing President Donald Trump a win on campaign promises like no tax on tips. The House Committee on Ways and Means voted along party lines to pass the measure, 26-19, after nearly 18 hours of debate that went throu…