In a bold move aimed at boosting the workforce and relieving financial burdens on hardworking Americans, former President Donald Trump announced a new tax cut plan that will eliminate taxes on overtime pay. Speaking to a crowd, Trump outlined how this initiative will benefit everyday citizens, especially those working overtime in essential industries.
“Today, I’m also announcing that as part of our additional tax cuts, we will end all taxes on overtime,” Trump declared. “You know what that means? Think of that. That gives people more of an incentive to work. It gives the companies a lot—it’s a lot easier to get the people.”
Trump’s plan is designed to incentivize hard work while attracting more people into the workforce. He consulted with top economists who, according to Trump, predict that this policy will significantly expand the workforce. “I went to some economists, great ones, and I said, ‘What do you think?’ They said, it would be unbelievable. You’ll get a whole new workforce by doing the no taxes on overtime.”
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Trump stressed that this tax relief will benefit key workers, including police officers, nurses, factory workers, construction workers, truck drivers, and machine operators. These are the very citizens, he emphasized, who have long been overlooked by Washington bureaucrats.
“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. Those are the people—they really work. They’re police officers, nurses, factory workers, construction workers, truck drivers, and machine operators,” Trump continued.
With his typical focus on the working class, Trump emphasized that it’s time these workers get the break they deserve. “It’s time for the working man and woman to finally catch a break, and that’s what we’re doing because this is a good one, and I think it’s going to be great for the country.”
Trump concluded with the key detail of his new plan: “So that’s why we will be saying that if you’re an overtime worker, when you’re past 40 hours a week—think of that—your overtime hours will be tax-free. Okay, good. You’re going to have it.”
BREAKING NOW: Trump announces monumental 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/jZhWEQX4og
— Chuck Callesto (@ChuckCallesto) September 12, 2024
As the announcement spread, many Americans celebrated the prospect of keeping more of their hard-earned money, while economists anticipate that this policy will inject new energy into the workforce, a key component of Trump’s vision for revitalizing the American economy.
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