Part 3/8:
President Trump has committed to eliminating taxes on tips, a promise made during his campaign that seeks to relieve financial pressure on service industry workers. As he recently mentioned during a rally in Las Vegas, efforts will be made to push a bill that would land on his desk shortly. The central question, however, revolves around the feasibility of this policy and whether there might be a cap on the amount of tip income received tax-free. While this initiative could benefit many, questions remain about the implementation and potential limitations that may arise to prevent exploitation.