Senate unanimously approves $25,000 tax break for tipped workers

The U.S. Senate has passed a new bill that would offer a tax deduction on tips worth up to $25,000.

This bill, if enacted into law, would also extend to business tax credits for payroll taxes on tips in beauty and spa services.

Sen. Ted Cruz, a Texas Republican, is pushing the proposal – which passed unanimously – an outcome considered rare for substantive legislation.

NEW PROJECTION SIGNALS GOOD NEWS FOR FAMILIES, WORKERS IN TRUMP'S 'BIG, BEAUTIFUL BILL'

There are stipulations in the new bill...