Donald Trump announced that, if reelected president, he would eliminate taxes on overtime work as part of his plan to incentivize hard-working Americans.
“I am also announcing that as part of our additional tax cuts, we will end all taxes on overtime,” Trump said last week at a campaign event in Tucson.
Under the proposal, workers who clock more than 40 hours a week would not be taxed on the extra hours they work beyond that threshold.
“The people who work overtime are among the hardest working citizens in our country, and for too long, no one in Washington has been looking out for them,” Trump added.
He highlighted various professions, saying, “They’re police officers, nurses, factory workers, construction workers, truck drivers and machine operators.”
“It’s time for the working man and woman to finally catch a break,” Trump concluded.
The Telegraph has additional information on the former president’s post-debate comments in Arizona:
Trump dismissed the argument that the plan would add trillions of dollars to the national debt over the next decade.
“One of our economists said, ‘I think that’s actually going to bring money into our economy,” Trump added.
According to recent figures released by the US Department of Labour, factory workers did an average of 3.7 hours of overtime a week.
Under the Fair Labour Standards Act, employees should receive at least time and a half for working more than 40 hours a week. Many employers pay double the hourly rate.
However, overtime pay is taxed. Some economists argue this acts as a disincentive to working extra hours.
Trump has also proposed eliminating taxes on Social Security to broaden his appeal to older voters.
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this is the only man who will look out for all americans. the rest mouth the words, and this man DELIVERS. for his trouble, he has been impeached,(found not guilty each time), arrested (on fake charges) convicted by a democrat judge, jury and prosecutor (all dems notice), and SHOT and HIT ONCE. the second attempt was thwarted in Arizona, and the third attempt was today in florida at 2:00 pm while he played golf on his OWN COURSE. thankfully we had a real secret service agent who noticed the rifle barrel sticking out through the bushes around the course. the man was caught. and I hope faces the death penalty. I personally, would have killed him when they stopped his car on I-95, headed back to democrat Ville. the members of congress, the media, the view, and skinhead joy should all be arrested as accomplices to attempted murder. they call for someone to kill him, and their deranged base complies. should be sentenced to life, and the attempted shooter, given the death penalty with no chance of parole or appeal. maybe that would get someones attention. you think? funny, no republican has called for the deaths of Joe biden, or KA MA LA Harris. shows the type of people that are democrats. all sickos. and why not,? they cant tell you what a woman is, nor distinguish between a male and a female. all are certifiable insane.