Nevada’s Democratic Rep. Steven Horsford re-introduced legislation Thursday to eliminate the subminimum wage and end taxes on tips — adding to a popular policy proposal supported by Republicans and pushed by President Donald Trump.
“A tip is a gift, not a guarantee, and it’s beyond time that we recognize that in our tax code,” Horsford said in a statement.
The Tipped Income Protection and Support (TIPS) Act, which was first introduced last September, eliminates the federally tipped subminimum wage of $2.13 per hour and puts in place protections aimed to ensure millionaires cannot gift their fortunes to family members tax-free by claiming it’s a tip, Horsford said in a Thursday interview.
