Sen. Jacky Rosen (D-Nev.) brought the “No Tax on Tips Act” to the floor with the expectation that it would be blocked, but Sen. Ted Cruz (R-Texas), the sponsor of the bill, declined to do so.

The No Tax on Tips Act would introduce a new tax deduction of up to $25,000 for tips, with certain restrictions. It was introduced in January by Texas Senator Ted Cruz, ...

Republican vice presidential candidate Sen. JD Vance, R-Ohio, signs a check "no tax on tips!!" as he leaves $200 in cash for a gratuity at the Park Diner, in Waite Park, Minn., on July 28.

Former President Donald Trump has doubled down on his latest campaign promise to eliminate federal taxes on tips for service workers—a clear appeal to working class voters—and Senate ...

That's true of one idea former President Trump and Vice President Harris support: no taxes on tips. Economics correspondent Paul Solman looks at what's behind the proposal and some concerns around it.

As a slogan in last year’s presidential campaign, “no tax on tips” was short, memorable and effective. As tax policy, it is more complex.

Are tips supposed to be taxed? According to the Internal Revenue Service, any tips of $20 or more that an employee receives in a month from one job are considered wages and are subject to withholding.

The No Tax on Tips Act would introduce a new tax deduction of up to $25,000 for tips, with certain restrictions. It was introduced in January by Texas Senator Ted Cruz, ...