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Trump Tax Proposal Targets Tip and Overtime Taxation Amid GOP Push
Trump Tax Proposal Targets Tip and Overtime Taxation Amid GOP Push
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House Republicans are advancing a tax bill that WOULD eliminate federal taxes on tips, overtime pay, and Social Security benefits. The legislation, introduced via reconciliation to bypass Democratic opposition, reflects Trump’s aggressive approach to tax policy restructuring.
The House Ways and Means Committee released preliminary text ahead of Tuesday’s debate. With unified GOP control of government, Republicans aim to pass the measure with a simple majority—though internal disputes over budgetary constraints may complicate the process.
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