Trump plan to nix taxes on tips could cost $250 billion: Analysis

Former President Trump’s plan to end taxes on tips could come with a price tag of $250 billion, a budget watchdog estimated in a new analysis.

The Committee for a Responsible Federal Budget estimated Sunday that exempting tip income from federal income and payroll taxes could lead to a decrease of $150 billion to $250 billion in federal revenues over a decade.

The watchdog noted the estimate was calculated on "a static basis" and that it does not factor in certain behavioral...