“But last year, President Trump cut taxes for actual working Americans for a change. We ended taxes on overtime, we ended taxes on tips and we ended taxes on Social Security because we believe you ought to keep more of your money.”
JD VanceEconomy
CredMeter Fact Check Verdict
Fact Check Performed On October 29, 2026
The One Big Beautiful Bill Act (signed July 4, 2025) created temporary deductions (through 2028) for qualified tips and overtime pay, plus an extra $6,000 senior deduction, but did not fully eliminate taxes on tips, overtime, or Social Security benefits. Higher earners and non-qualifiers still pay.
Evidence sources
2 references- 01
- 02FactCheck.org (opens in a new tab)factcheck.orgFactcheckArticleRead original source (opens in a new tab)
