White House Highlights Tax Perks for Small Businesses

Baltimore restaurant owner discusses benefits of 'Big Beautiful Bill' for hospitality workers

Apr. 18, 2026 at 5:51pm

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A photorealistic studio still-life featuring a stack of dollar bills, a pen, and a small business license on a clean white background, conceptually representing the financial benefits of new tax perks for small businesses.New tax incentives aim to provide much-needed relief for small businesses and their employees in the hospitality industry.Baltimore Today

The White House is spotlighting tax benefits from President Trump's 'Big Beautiful Bill' that are helping small businesses like Tony Minadakis' Baltimore restaurant, including no taxes on tips for hospitality workers.

Why it matters

Small businesses, especially in the hospitality industry, have faced significant challenges in recent years. These new tax incentives aim to provide relief and support for local restaurants and their employees.

The details

The 'Big Beautiful Bill' includes a provision that exempts tips earned by hospitality workers from being taxed. Tony Minadakis, co-owner of a Baltimore restaurant, says this directly benefits his business and employees, allowing them to keep more of their earnings.

  • The 'Big Beautiful Bill' was signed into law by President Trump in 2025.

The players

Tony Minadakis

Co-owner of a Baltimore-based restaurant.

President Donald Trump

The former President who signed the 'Big Beautiful Bill' into law, which includes tax perks for small businesses.

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What they’re saying

“The 'Big Beautiful Bill' tax perks, including no tax on tips for hospitality workers, directly help my Baltimore-based business and employees.”

— Tony Minadakis, Restaurant co-owner

The takeaway

These new tax incentives aim to provide much-needed relief and support for local restaurants and their employees, who have faced significant challenges in recent years.