US EditionKeep the Beauty in Trump's 'Big, Beautiful Bill'
- Legislators are currently discussing President Trump's proposed legislation that aims to eliminate taxes on tips received by hair stylists and barbers, a change that would impact small businesses across the country.
- This debate follows years when many barbershops and hair salons, like Vanity Heights Salon in Houston owned by Tolunay, faced economic difficulties worsened by the pandemic and high inflation.
- The bill recommends that the IRS handle tips at hair salons in the same manner as tips at restaurants, reflecting a tax credit approach established decades ago by bipartisan lawmakers to reduce payroll taxes on tipped income.
- A $20 tip, after swipe fees, can increase a salon's tax bill by $2 each quarter, which small businesses must cover from their cash flow, complicating service capacity and growth.
- Supporters urge the Senate to keep provisions that relieve tipped workers and small businesses in the bill and to send it to the president’s desk for signature to help create jobs and promote tax fairness.
39 Articles
39 Articles
Small Business Administration leader visits to tout Trump's 'big, beautiful bill'
Spending bill promises growth for small businesses INDIANAPOLIS (WISH) — Promises of tax relief for workers and small businesses came Tuesday as a top Trump administration official toured an Indianapolis machine shop to promote the president’s “big, beautiful bill” that aims to drive hiring growth and opportunities in Main Street America. Inside Olson Custom Designs, U.S. Small Business Administration head Kelly Loeffler made the case for the bi…
President Trump’s One Big Beautiful Bill Prevents the Largest Tax Hike in History and Unleashes Economic Growth
THE ONE BIG BEAUTIFUL BILL DELIVERS FOR THE AMERICAN WORKER: The One Big Beautiful Bill delivers the largest tax cut for working- and middle-class
American Opinion: : The tax changes in the US Senate are a mixed bag
As is its right and duty, the U.S. Senate now has messed with the Trump administration’s “big, beautiful,” tax-and-spending bill that just squeaked through the House. Here’s our hot take on some of the Senate’s work in progress, as viewed not in terms of what is ideal but in the context of what the House already passed. We’re all for limiting the “no-tax-on-tips” deduction to $25,000 per person. We didn’t like the campaign promise in the first p…
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