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VisitTrump Proposes Eliminating Taxes on Overtime Pay if Elected on November 5
Sep 12, 2024, 11:24 PM
Former President Donald Trump announced a new policy proposal to eliminate all taxes on overtime pay if he is elected in the upcoming November 5 election. Speaking at a rally in Tucson, Arizona, Trump emphasized that the plan is part of a broader package of additional tax cuts aimed at benefiting blue-collar, non-salaried workers. Trump stated that workers who exceed 40 hours a week would have their overtime hours tax-free, highlighting that those who work overtime are among the hardest-working citizens in the country. This proposal comes in addition to Trump's previous promises to eliminate taxes on tips and Social Security benefits.
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Markets
Yes • 50%
No • 50%
Official U.S. government tax policy documents and announcements
No • 50%
Yes • 50%
Official U.S. government tax policy documents and announcements
Elimination of taxes on overtime pay • 25%
Other • 25%
Elimination of taxes on Social Security benefits • 25%
Elimination of taxes on tips • 25%
Official U.S. government announcements and policy documents
Other • 25%
Blue-collar workers • 25%
White-collar workers • 25%
Retirees • 25%
Economic reports and analyses from reputable sources