Today, Nevada Senators Catherine Cortez Masto and Jacky Rosen celebrated the passage of their bipartisan bill which would exempt tips from federal tax.
The bill would exempt "cash tips," which is an umbrella term for tips left in cash, credit/debit card charges and checks, from federal income tax by allowing the taxpayer to claim a 100% deduction when filing taxes.
The bill is cosponsored by Ted Cruz (R - Texas), Steve Daines (R - Montana) and Pete Ricketts (R - Nebraska).
"I’m happy to work with anyone on legislation that’s going to improve Nevadans’ lives, and I’m pleased that my bipartisan bill to put more money in the pockets of hardworking Nevadans has passed the Senate,” said Senator Cortez Masto.
Senator Rosen addressed the Senate, saying, "We shouldn’t be forcing working families to choose between keeping their health care or keeping their tips, which is why we want this bipartisan bill on its own – on its own – not part of a harmful, extreme budget bill."
The senators are now encouraging their colleagues in the House of Representatives to move forward with a clean version of the bill.
