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ARTICLE · 17 JULY 2025

Beltway Buzz, July 11, 2025

Ogletree, Deakins, Nash, Smoak & Stewart
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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.

United StatesEmployment and HR

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.

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