Jobs as a host or waiter are more attractive now that Republicans have cut taxes on tips. This will give full-service restaurants a boost in the stiff competition for labor.
In other words, the One Big Beautiful Bill Act will give a marginal boost to restaurants like Chili’s and Bonefish Grill as they work to lure workers who might otherwise take roles at fast-food joints or in retail, and specifically for “front-of-house” workers who collect wages.
The shift in the restaurant industry landscape is one of the secondary effects of President Donald Trump‘s signature legislation, which fulfills his 2024 presidential campaign promise of “no taxes on tips.”
Trending: Ukrainian air force officer accused of leaking location of NATO F-16 jets to Russia
Under the new law, workers will be able to deduct up to $25,000 in reported tip income and $12,500 in overtime
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!