Official U.S. government tax policy documents and announcements

Trump 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.