Former President Donald Trump proposed eliminating taxes on overtime pay if he wins the November election at a campaign rally in Tucson, Arizona.
President Trump has called for eliminating overtime taxes on workers who work more than 40 hours a week, saying it would create more incentives for workers and make it easier for companies to hire. (Related: Hundreds of business groups warn that Trump's tax cuts would result in 'biggest tax hike in American history' if they expire)
“Today, as part of my additional tax cuts, I'm announcing that I'm going to eliminate all taxes on overtime. Do you know what that means? Think about it,” Trump said at a campaign rally in Tucson, Ariz. “It will give people more incentive to work, it will provide big profits for businesses and it will be much easier to recruit and retain talent.”
BREAKING: 🔥🔥🔥 President Trump announces complete repeal of overtime taxes:
“Overtime hours over 40 hours per week are non-taxable.” pic.twitter.com/TQAJQSL9qx
— Eric Trump (@EricTrump) September 12, 2024
Trump was speaking in Arizona, a battleground state that President Joe Biden won by just 10,000 votes in 2020 thanks to Vice President Kamala Harris' growing support, but which has become a key battleground state for Democrats again this year. According to To CNN.
“Those who work overtime are some of the hardest working people in this country, but for too long, no one in Washington has cared about them,” Trump said in the announcement. “These are the people who are really working – police officers, nurses, factory workers, construction workers, truck drivers, machine operators.”
This isn't the first time Trump has proposed legislation that would benefit workers: The former president announced his intention to repeal the tip tax in July, and in September proposed that seniors should be exempt from taxes on their Social Security benefits, according to Fox News. Reported.
Harris also made a similar pledge to repeal the tip tax in August 2024.
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