Trump Proposes Ending Taxes on Overtime
Former Pres. Donald Trump, the Republican nominee for president, Thursday at a rally in Tucson, Ariz., said that if he's elected this November he will eliminate all taxes on overtime pay as part of a comprehensive tax reform plan....
0:00
/1861
Facts
- Former Pres. Donald Trump, the Republican nominee for president, Thursday at a rally in Tucson, Ariz., said that if he's elected this November he will eliminate all taxes on overtime pay as part of a comprehensive tax reform plan.[1]
- Trump, explaining that removing taxes on overtime work above 40 hours weekly would increase worker motivation and streamline hiring procedures, said, 'It's time for the working man and woman to finally catch a break.'[2]
- This comes after Vice President Kamala Harris, the Democratic presidential nominee, this month accused Trump of deliberately obstructing overtime for millions of workers during his presidency. Both Trump and Harris agree on eliminating taxes on tips.[3][1]
- Trump in 2019 issued a rule expanding eligibility for overtime to 1.3M additional US workers — shy of a proposal from his predecessor, Pres. Barack Obama, that would have made more than 5M workers eligible before it was struck down in court.[1]
- In Arizona, Trump also promised to prevent undocumented immigrants from obtaining mortgages and government-subsidized housing — making it mandatory to verify citizenship.[4]
- In recent weeks, each candidate has attempted to appeal to voters who are navigating the cost of living crisis. Trump has also proposed not taxing elderly Americans on social security, while Harris has suggested government interventions to address corporate price gouging.[5]
Sources: [1]Reuters, [2]Al Jazeera, [3]Fortune, [4]New York Post and [5]Daily Mail.
Narratives
- Republican narrative, as provided by FOX News. Trump's wildly popular economic plans, including this blue-collar tax cut, will make America richer and stronger. This would be a win-win situation, with workers further incentivized to work extra hours to contribute to the success of their employers while earning money for further spending that will boost the economy.
- Democratic narrative, as provided by Huffington Post. Trump's track record in actually helping the working class is awful, and this plan is no different. While he may claim removing taxes on overtime pay has the approval of economists, there are plenty of economists who believe this idea is terrible and is probably an example of Trump just offering bad-faith populist rhetoric with elections just weeks away.
