In a rare display of bipartisan agreement, the U.S. Senate has unanimously approved the No Tax on Tips Act, a measure designed to provide tax relief for millions of Americans who work in jobs where tips make up a large part of their income. The bill, introduced by Senator Ted Cruz (R-Texas) and Senator Jacky Rosen (D-Nevada), would allow service workers to deduct a portion of their tip income—up to $25,000 per year—from federal taxes.
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