Two of President Donald Trump’s major tax-related campaign promises that will impact millions of American workers have made it into legislation proposed for the so-called “one big, beautiful bill,” albeit only for a period that would not last beyond his second term.
“No Tax On Tips” and “No Tax On Overtime” appear in a 389-page measure released by the House Ways and Means Committee on Monday, with provisions saying the deductions would expire at the end of 2028.
Another of Trump’s priorities, no tax on auto loan interest, made it into the legislation.
Trump had also been pushing for an end to taxes on Social Security for seniors, however Bloomberg reported that it could not be included due to the “special budget process that Congress is using to advance the tax package.”
Instead, the measure has a section that would allow middle-and low-income seniors to deduct an…
