Last week, U.S. Congressmen Matt Gaetz (FL-01) and Thomas Massie (KY-04) introduced the “Tax Free Tips Act of 2024” to provide financial relief to service-industry workers by eliminating federal income and employment taxes on their tips, following President Donald Trump announcing this initiative as one of his top legislative priorities. Rep. Marjorie Taylor Greene (GA-14) is an original co-sponsor.
“As the cost of living continues to rise, the hardworking men and women in the service industry, many of whom may be working a second job to make ends meet, must be allowed to keep every dollar of tip money they earn. I am proud to join with Rep. Thomas Massie in co-leading this important tax-relief legislation,” said Congressman Gaetz.
“Ron Paul had it right and so does Donald Trump,” said Rep. Thomas Massie (R-KY). “Taxing tips is regressive and goes against American tradition. But now digital payments allow the government to tax every transaction, even those that historically have not been taxed. With inflation raging, it only makes sense to eliminate the tax on tips and provide relief to working folks.”
Full text of Congressmen Gaetz and Massie’s legislation can be found HERE. Additionally, exclusive coverage of the legislation by Breitbart News can be found HERE.
