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NPR Online NewsAUG 13 2024
At a rally in Tucson, Arizona, on Thursday, Republican US presidential candidate Donald Trump stated that he would eliminate all taxes on overtime pay as part of a comprehensive tax reform plan if elected on Nov. 5.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.
Removing taxes on overtime work above 40 hours weekly would increase worker motivation and streamline business hiring procedures. Trump said, "It's time for the working man and woman to finally catch a break."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."
A Harris campaign official said in response to Trump's latest tax proposal: "He is desperate and scrambling and saying whatever it takes to try to trick people into voting for him."This comes after VP Kamala Harris, the Democratic presidential nominee, this month Trump, accused Trump of deliberately obstructing overtime for millions of workers during his presidency.
Trump's plan to cut taxes, if elected in November, aims to make "America richer and stronger." It's time to let the working man get something back for all his hard work. Eliminating taxes on overtime would give people an incentive to work more and give more disposable income for hardworking Americans. It's a win-win situation, as it would give people incentives to work extra hours and also benefit businesses.
Trump has an awful record when it comes to helping the working class. Trump claims that some prominent economists - without naming names - advised him that the plan to eliminate overtime taxes was a fantastic idea. However, some real economists say the idea is an absolutely terrible way to establish wage policies. This is Trump firing from the hip.