House Tax Bill: Exempt workers from tips, with exceptions US House Republicans tax bill: * Would exempt workers from tips from income and tax with exceptions (through 2028 * Includes exemption on workers overtime pay with exceptions * Enhanced deduction for senior citizens by $4000 with exceptions * Raising cap on state and local tax deduction (SALT deductions) to $30,000 from current $10,000 with exceptions * does not include millionaire tax bracket * Republican tax bill raises debt limit by $4 trillion This article was written by Greg Michalowski at www.forexlive.com.

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