WASHINGTON, DC – U.S. Senator Jacky Rosen (D-NV) joined her Democratic colleagues in the Nevada Congressional Delegation in a letter urging U.S. Treasury Secretary and Acting Internal Revenue Service (IRS) Commissioner Scott Bessent to resolve challenges in implementing the ‘No Tax on Tips’ provisions to ensure that tipped workers in Nevada can successfully and fully benefit from the new deduction.
“As you know, H.R. 1, an Act to provide for reconciliation pursuant to title II of H. Con. Res. 14, provided that certain taxpayers may take a deduction of up to $25,000 annually to reduce or eliminate taxable income on tipped wages,” wrote the Members. “This proposal closely models legislation introduced or cosponsored by Nevada lawmakers in both the House and Senate. As you know, Nevadans rely on tips more than any other state in the nation and tax relief has been a critical bipartisan priority. Given our work on proposals related to Section 70201, we would like to highlight the following issues for the Department of Treasury in order to ensure the successful implementation of this provision for our constituents and tipped workers across the country.”
The full text of the letter is available HERE.
Senator Rosen has consistently supported efforts to cut taxes and lower costs for hardworking Nevadans while making sure billionaires and big corporations pay their fair share. She helped introduce and pass the standalone No Tax on Tips Act in the Senate, a bipartisan bill to exempt tips from federal income tax. Senator Rosen has spoken on the Senate floor, calling for tax relief for hardworking Nevada families. Last year, she also introduced bipartisan legislation to cut taxes for veterans starting small businesses. Senator Rosen also strongly supports raising the federal minimum wage and eliminating the minimum wage gap for tipped workers nationally.
###
