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President Trump announced a new plan to eliminate all taxes on overtime pay.
“I’m also announcing that as part of our additional tax cuts, we will end all taxes on overtime,” Trump told a crowd Thursday in Tucson, Arizona.
“That gives people more of an incentive to work. It gives the companies a lot. It’s a lot easier to get the people,” he continued.
“The people who work overtime are among the hardest-working citizens in our country. And for too long, no one in Washington has been looking out for them,” he added.
“Those are the people, they really work. They’re police officers, nurses, factory workers, construction workers, truck drivers and machine operators,” he noted.
“When you pass 40 hours a week, your overtime hours will be tax free,” he added.
WATCH:
🚨NEW POLICY ALERT🚨
President Trump announces a new plan to eliminate all taxes on OVERTIME pay.
“The people who work overtime are among the hardest working citizens in our country — When you pass 40 hours a week, your overtime hours will be tax free.” pic.twitter.com/YQvSOUHr0w
— Trump War Room (@TrumpWarRoom) September 12, 2024
Fox News reports:
Trump has also promised to get rid of taxes on Social Security benefits and the taxation of tips for service workers, a pledge Vice President Kamala Harris has made, as well as raising the minimum wage.
The Committee for a Responsible Federal Budget estimated that eliminating taxes on tip income, as well as increasing the minimum wage, could add between $100 billion and $200 billion to the nation’s deficits over a 10-year window.
“President Trump announces a brand new plan aimed at blue-collar, non-salaried workers to END all taxes on overtime,” Charlie Kirk wrote.
🚨BREAKING: President Trump announces a brand new plan aimed at blue-collar, non-salaried workers to END all taxes on overtime:
“We will end all taxes on overtime … This gives people more of an incentives to work. It gives the companies, it’s a lot easier to get the people…… pic.twitter.com/c7tnQqyuwV
— Charlie Kirk (@charliekirk11) September 12, 2024
NO TAX ON TIPS
NO TAX ON SOCIAL SECURITY FOR SENIORS
NO TAX ON OVERTIME
— GOP (@GOP) September 12, 2024
Per ABC News:
Trump offered no specifics on his new proposal, spending much of the speech airing his grievances about this week’s ABC News-hosted debate and again declaring he would not participate in any more, as he had earlier in the day, and attacking his opponent Vice President Kamala Harris.
“So, because we’ve done two debates and because they were successful, there will be no third debate,” said Trump to cheers in Tucson. “It’s too late anyway, the voting has already begun. You got to go out and vote. We got to vote.”
He continued to also launch personal attacks against Vice President Kamala Harris, mimicking her speaking style and expressions and mocking her name by saying nobody knows what her last name is.
“Now, Kamala is a very different kind of a word, nice name, very nice name,” Trump said. “You don’t know her as Harris. When you say Harris, everyone says, ‘Who the hell is that?’ right?”
Before unveiling his new economic proposal, the former president attempted to link immigration to the high cost of housing, arguing that a surge in undocumented migrants were driving up costs and creating dangerous neighborhoods.