Speaker Johnson: Trump’s Tip Tax Exemption on 2025 Agenda

June 26, 2024, 2:51 PM UTC

House Speaker Mike Johnson says he expects Donald Trump’s proposal to exempt tipped wages from taxation to be a part of the first 100 days agenda next year.

  • Johnson calls it a “very good idea” but doesn’t know if it will pass the current Senate
  • “We will pass it as soon as we can,” Johnson says at press conference
  • NOTE: Trump Plan to Exempt Tips From Taxes Could Cost $250 Billion

To contact the reporter on this story:
Erik Wasson in Washington at ewasson@bloomberg.net

To contact the editors responsible for this story:
Megan Howard at mhoward70@bloomberg.net

Lauren Dezenski

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