Tax Foundation news and trends

‘No Tax on Tips’ Legislation Could Affect 4 Million US Workers

May 21, 2025
Proposed Payroll Tax Cuts Could Make Paychecks Larger
Economy // July 17, 2020

If the coming pandemic relief package does not come with a payroll tax cut, President Trump has indicated this week that he will not sign the legislation. The president’s past advocacy for this approach, which could make paychecks lager for workers, has encountered bipartisan resistance,...

Quick Reads
‘No Tax on Tips’ Legislation Could Affect 4 Million US Workers

May 21, 2025
Legislation eliminating federal income taxes on tips could provide some relief to around 4 million U.S. workers, CNBC reported Wednesday (May 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By […]

Proposed Payroll Tax Cuts Could Make Paychecks Larger

July 17, 2020
If the coming pandemic relief package does not come with a payroll tax cut, President Trump has indicated this week that he will not sign the legislation. The president’s past...