Senate passes bill offering tax deduction on tips up to $25,000

The US Senate has passed a new bill that would provide a tax deduction on tips of $ 25,000.

This bill, if enact in the law, will also extend to commercial tax credits to tax statements on advice in beauty and spa services.

Senator Ted Cruz, a Republican in Texas, pays the proposal – which was unanimously passed – a rare result of objective legislation.

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There are conditions in the new draft law: an employee who holds compensation exceeding $ 160,000 in the previous tax year will not be eligible to demand the new tax deduction to obtain advice.

The bill is limited to the monetary advice that professions are usually inclined.

“Oblique occupations” are functions with common advice in the United States, such as waiters, scarring and professionals who provide cosmetic services such as shaving, hair care, nail care, aesthetics, body and spa treatments.

An African American man gets his hair by a skilled designer in a small shop salon.

“Failure is not an option,” says tax author of the House of Representatives.

The Budget Laboratory at Yale University says they estimate that there will be approximately 4 million workers in oblique occupations in 2023.

It should also be reported by the employee for the employer to block taxes like salaries. Under the current law, only $ 20 per month.

According to the Budget Lab report, the uninterrupted worker in 2023 was at least about 10 years of the usual worker. They also say that a third of the number of distinguished workers was less than 25 years old, with 13 % of adolescents.

This new bill, if approved, will cost $ 110 billion in federal revenues over 10 years, according to the right -wing Peter Ji Pterson in the center.

American Senator Jackie Rosen, De Neve. , To the weekly Senate Policy Lunch on June 25, 2019 on Capitol Hill in Washington, DC. (Tom Brenner/Getty Emose)

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Senator Jackie Rosen, during her speech, indicated that this law was one of the main promises of President Donald Trump.

She said: “I am not afraid to embrace a good idea, wherever it comes. So I agreed that we need to accomplish this.”

This draft law is approved through the Senate, while congress Republics try to request progress to reduce tax taxes and a spending package that creates a tax break on advice for the next four years.

The next step is the House of Representatives before the law becomes.