White House Press Release - ICYMI: No Tax on Tips to Deliver Massive Pay Increase for Uber Drivers

With the One Big Beautiful Bill signed into law, President Trump has delivered the LARGEST TAX CUT IN HISTORY for middle- and working-class Americans, but that's not all. This historic legislation also fulfills his No Tax on Tips campaign promise, which allows hardworking Americans to keep more of their earnings on tipped income.

Watch as a CNBC analyst predicts Uber driver earnings could increase by a billion dollars thanks to No Tax on Tips delivered as part of the President's One Big Beautiful Bill — resulting in a significant pay bump for drivers!

WATCH THE FULL VIDEO HERE

"Basically, it's a pay bump for drivers. We think driver earnings on Uber could increase by about a billion dollars by not having to pay taxes on their earnings. In effect, it could add to some driver supply and make Uber's operations a little bit better. Net, it's a benefit for drivers and also for Uber's network" — Justin Post, BofA Securities Internet Research Analyst

Thanks to President Trump's No Tax on Tips:

• Uber drivers will receive a PAY INCREASE, making the job more attractive to workers and improving driver supply.
• No Tax on Tips is estimated to deliver a 2.5% pay BUMP for Uber drivers, according to the analyst.
• No federal income tax withheld on tipped wages means more cash in hand for the over four million tipped workers across the country.
• You earned your tips. You should keep them. With tax-free incentives, many Americans will be willing to take on additional work and put more money in their pockets.