Trump’s Tax Bill Exempts Tips but May Cost Poor $1,500, Benefit Rich $104,000, Threaten Colorado Food Aid

President Donald Trump's proposed tax legislation includes a provision to exempt tips from federal taxation, a move that has garnered bipartisan support. However, analysts and multiple reports indicate that this measure may provide limited benefits to low-income Americans and could result in higher overall costs for them. Studies estimate that the tax plan could cost poorer Americans approximately $1,500 annually, while benefiting wealthier individuals by up to $104,000. Additionally, the bill poses risks to food assistance programs, potentially affecting tens of thousands of residents in Colorado. Critics argue that the tax breaks disproportionately favor the wealthy at the expense of workers who rely on tips as part of their income.