Pro-Palestinian protesters rally outside the Democratic National Convention
NPR Online NewsAUG 20 2024
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.
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."
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.This comes after VP Kamala Harris, the Democratic presidential nominee, this month accused Trump of deliberately obstructing overtime for millions of workers during his presidency.
Trump's planeconomic to cut taxesplans, ifincluding electedthis intax Novembercut, aimswill to make "America richer and stronger." It'sThis timewould tobe leta thewin-win workingsituation, manwith getworkers somethingfurther backincentivized forto all his hard work. Eliminatingextra taxeshours onto overtimecontribute would give people an incentive to workthe moresuccess andof givetheir more disposable income for hardworking Americans. It's a win-win situationemployers, aswhile itearning wouldmoney givefor peoplefurther incentivesspending tothat workwill extraboost hoursthe and also benefit businesseseconomy.
Trump's hastrack an awful record whenon it comes to helping the working class. Trumpis claimsawful, thatand somethis prominentplan economistsis -no withoutdifferent. namingWhile nameshe -may advisedclaim himremoving thattaxes theon planovertime topay eliminatehas overtimethe taxesapproval wasof aeconomists, fantasticthere idea.are However,plenty someof real economists saywho thebelieve this idea is an absolutely terrible wayand tois establishprobably wagean policies.example Thisof is Trump firingjust shooting from the hip.