Sen. Cruz Reintroduces No Tax on Tips Act

Sen. Ted Cruz, R-Texas, on Thursday reintroduced a bill that would exempt tips from federal taxes.

The bipartisan No Tax on Tips Act, backed by Democratic Sens. Jacky Rosen and Catherine Cortez Masto of Nevada and Republican Sens. Pete Ricketts of Nebraska and Steve Daines of Montana, would “amend the Internal Revenue Code of 1986 to eliminate the application of the income tax on qualified tips through a deduction allowed to all individual taxpayers, and for other purposes.”

Cruz introduced similar legislation in the 118th Congress.

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