President Donald Trump has outlined which workers will be eligible for tax deductions due to his no tax on tips policy. This policy will not benefit McDonald’s workers, according to CEO Chris Kempczinski, because its restaurants do not have tips. Instead, the policy will have an outsized advantage for businesses who dole out smaller wages for tipped workers.

McDonald’s employees will not only get no benefits from President Donald Trump’s no-tax-on-tips efforts, but the policy also exposes inequities between businesses that decide to pay workers the federal minimum wage versus those who pay employees a smaller wage supplemented by tips, according to CEO Chris Kempczinski.

The fast-food boss told CNBC ’s “Squawk Box” on Tuesday that while he supports the no-tax-on-tips policy, it do

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