Trump promises to end taxation of overtime pay: ‘Your overtime hours will be tax-free’
Fox News
Former President Trump promises to eliminate taxes on overtime pay as part of a series of proposed cuts he said would mean more disposable income for workers.
“That gives people more of an incentive to work. It gives the companies a lot,” Trump told a crowd Thursday at a campaign rally in Tucson, Arizona.
“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.
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“Those are the people, they really work. They’re police officers, nurses, factory workers, construction workers, truck drivers and machine operators.”
The pitch came as Trump seeks to turn Arizona, a state President Biden won by just a few thousand votes in 2020, red again.
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“So, that’s why we will be saying that if you’re an overtime worker when you’re passed 40 hours a week, think of that,” he added. “Your overtime hours will be tax-free.”
Trump has also promised to get rid of taxes on Social Security benefits and the taxation of tips for service workers, a pledge Vice President Kamala Harris has made, as well as raising the minimum wage.
The Committee for a Responsible Federal Budget estimated that eliminating taxes on tip income, as well as increasing the minimum wage, could add between $100 billion and $200 billion to the nation’s deficits over a 10-year window.