Trump Says He'll End Taxes on OT
Trump saysSays heHe'll willEnd endTaxes all taxes on overtime if electedOT
The Facts
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."
The Spin
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.
