Donald Trump Approves Law Making Tips Exempt from Taxes

On July 4, 2025, President Donald Trump signed the One Big Beautiful Bill Act into law, marking one of the most significant overhauls of the federal tax code in decades.

The legislation, which spans over 1,200 pages, represents a comprehensive attempt to reshape the tax landscape for millions of Americans.

Supporters hail it as a landmark achievement that provides immediate financial relief to working families, seniors, and small business owners, while critics warn of the potential long-term consequences, projecting that the bill could increase the federal deficit by as much as $3.4 trillion over the next ten years.