H.R. 9624, titled the “Tipped Income Protection and Support Act” or “TIPS Act,” proposes changes to the Fair Labor Standards Act of 1938. It aims to eliminate the separate, lower minimum wage for tipped employees, ensuring they receive at least the standard federal minimum...
Simple Explanation
The TIPS Act says that people who get tips at work should be paid the same as everyone else, not less. It also helps them save some money on taxes for the cash tips they get, as long as their income isn't too high.