Senate unanimously approves $25,000 tax break for tipped workers
The U.S. Senate has passed a new bill that would offer a tax deduction on tips worth up to $25,000.This bill, if enacted into law, would also extend to business tax credits for payroll taxes on tips in beauty and spa services.Sen. Ted Cruz, a Texas Republican, is pushing the proposal – which passed unanimously – an outcome considered rare for substantive legislation.