Looking forward to a tax break from the new law implementing President Donald Trump’s promise to cut taxes on overtime or tips? You may be disappointed.

“There’s an expectations gap here,” said Andrew Lautz, director of tax policy at Washington’s Bipartisan Policy Center.

“Tips and overtime deductions are going to provide a meaningful and significant cut for some taxpayers,” he said, “But what we’re seeing in the early reaction from the public is that the tax cut may not be as large as the general public expects.”

It’s also not entirely what Trump claimed. The president made a campaign pledge last year to do away with taxes on tips and “end all taxes on overtime.” Democratic opponent Kamala Harris supported a limited tax break for tips.

When Trump signed the Big, Beautiful Bill into la

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