The Beltway Buzz is a weekly update summarizing labor and employment news from inside the Beltway and clarifying how what’s happening in Washington, D.C., could impact your business.
“One Big Beautiful Bill Act.” On July 4, 2025, President Donald Trump signed into law the massive legislative package that encapsulates Republicans’ priorities on taxation, energy production, healthcare, and immigration enforcement. Here are the key provisions for employers:
- No Taxes on Tips and Overtime. The legislation provides tax deductions for “qualified tips” (capped at $25,000) and overtime pay (capped at $12,500). Both of these provisions phase down based on income levels starting at $150,000 ($300,000 for those filing jointly). These provisions will expire on December 31, 2028, unless extended by the U.S. Congress. Victoria L. Vish and Stephen Kenney have the details.
- AI Moratorium. In a 99–1 vote, the U.S. Senate approved an amendment striking language included in the House-passed version that essentially banned states from regulating artificial intelligence for a period of ten years.
- Immigration
- Enforcement. The new law earmarks approximately $170 billion for immigration enforcement measures. This includes funds to further construction of the wall along the southern border, build new detention centers, hire Customs and Border Protection personnel and construct their facilities, deploy new technology, and to reimburse local governments for their immigration enforcement...
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