Former president Donald Trump He said he would remove it at a campaign rally on Thursday taxes Overtime if he wins a second term in November.
I’m also announcing that as part of our additional tax cuts in Tucson, Arizona, we will be suspending all overtime taxes.
“It gives people more incentive to work. It gives companies a lot — it’s a lot easier to get people,” he said.
Trump said that when workers exceed 40 hours a week, “your overtime will be tax-free.”
The Trump campaign did not immediately respond to a request for details on the plan.
After these words, the Harris campaign called Trump’s proposal “his latest snake oil sales pitch.”
“No matter how many lies he has now, Donald Trump’s record and agenda are clear — as president, he has stolen millions of dollars in wages from the workers he represents,” Harris campaign spokesman Joseph Costello said in a statement.
The Harris campaign also made a point 2019 Trump administration The overtime pay rule replaces a broader proposal put forward by the Obama administration.
Trump pledged to exempt the overtime tax at his first rally since Tuesday’s debate against Vice President Kamala Harris, an event that drew more than 67 million viewers, according to Nielsen — a larger audience than the crowd in Arizona where Trump announced his proposal.
The Fair Labor Standards Act of 1938 established the 40-hour work week and overtime pay standards, as well as the right to a minimum wage. The law stipulated that covered workers must receive at least 1.5 times their regular rate of pay for overtime hours worked.
The Biden administration implemented the rule It rose this spring minimum wage A threshold to qualify for time-and-a-half pay, which advocates say helps improve compensation for lower-wage workers.
Trump in June he called stop taxes on tips, Harris follows suit last month.
Separately, the Harris campaign pushed to expand the Child Tax Credit to “provide a $6,000 tax credit to families with newborns,” adding that Harris is “committed to ensuring no one makes less than $400,000 a year.” pay more taxes”.
Jake Traylor and Jillian Frankel contributed.