NO TAX ON TIPS HUGE WIN FOR SERVERS
Jeff and Jeremy unpack the surprising bipartisan win at the U.S. Capitol, where a bill introduced by Ted Cruz to eliminate federal taxes on tips for workers earning $160,000 or less sailed through with unanimous support. The duo debates the impact on servers, bartenders, and tipped workers, exploring how this could boost take-home pay—potentially turning a $110 paycheck into $600 for some! They dive into the nuances, like California’s potential to still tax tips as “bonuses,” and question if diners might tip less knowing taxes are off the table. With humor and real talk, they share insights from a caller in the service industry and reminisce about the days of cash tips and $4 minimum wages. #ServiceIndustry #BipartisanWin #TippingCulture #CaliforniaTaxes
Jeff and Jeremy in the Morning · Jeff Kingman
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