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Donald trump said Tax-Free Overtime, The Genius of Trump’s Anti-Tax Platform
Nram Studios
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9/14/2024
Donald trump said Tax-Free Overtime, The Genius of Trump’s Anti-Tax Platform
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00:00
Tax-free overtime, the genius of Trump's anti-tax platform.
00:09
Donald Trump has done it again.
00:11
During a rally on Thursday, September 12th, the former president announced yet another
00:17
anti-tax.
00:18
If elected, he promises to try to eliminate taxes on overtime pay.
00:23
Hourly workers nationwide cheer that idea.
00:26
Democrats call it a lie and a desperate plea for votes after a weak debate performance.
00:31
But true or false, doable or not, and regardless of his motivation for making the campaign
00:37
promise, there's no denying the genius of the move.
00:41
Presidential campaigns, working overtime.
00:43
We will end all taxes on overtime, Trump said Thursday in Tucson, Arizona.
00:49
The people who work overtime are among the hardest working citizens in our country and
00:53
for too long.
00:55
No one in Washington has been looking out for them.
00:58
Democrats fired back by questioning his motives and integrity.
01:01
Joseph Costello, a Harris campaign spokesman, said Trump is desperate and scrambling and
01:07
saying whatever it takes to trick people into voting for him.
01:11
The campaign considers this Trump's latest snake oil sales pitch.
01:15
Senator Ron Wyden, Democrat-Oregon, called the proposal as fake as his tan.
01:21
The Senate Finance Committee chair said in a statement that Trump knows congressional
01:25
Republicans won't pass such changes.
01:27
It's obvious his newfound concern for working people is a fraud, Wyden continued.
01:33
But even if Trump were lying about his intention to end income tax on overtime, and even if
01:38
he only made the suggestion as an act of desperation after losing the debate, pushing more and
01:43
more tax breaks for working class Americans would still be a genius plan.
01:47
Note the Democrats aren't attacking the idea itself.
01:50
The wealthy elite, the group Democrats say should pay their fair share, aren't working
01:55
for hourly wages and logging overtime.
01:58
It's the poor and the middle class, the very people Democrats claim to support.
02:03
In targeting a tax the rich are already exempt from, Trump leaves the left with no ideology
02:09
to vilify.
02:10
When the former president first suggested ending taxes on tips, the Harris campaign
02:15
eventually copied the idea.
02:17
When the Trump campaign suggested increasing the child tax credit, Kamala quickly made
02:21
her own proposal to do so.
02:24
He suggested Social Security benefits shouldn't be taxed.
02:27
Now 45 says he'll eliminate overtime taxes if he becomes 47.
02:33
What choice do Democrats have but to follow suit?
02:36
At the very least, Harris can't be seen as opposing this.
02:40
But what if it's real?
02:41
Now imagine for a moment that Trump isn't lying and that Congress will work with him
02:45
to make it happen.
02:47
It only takes a paycheck or two of overtime for most workers to figure out exactly how
02:51
far they can push it without jumping up a tax bracket and losing money.
02:55
And once that limit is found, it's never willingly crossed again, making overtime tax
03:00
exempt pay.
03:02
And don't forget, standard overtime is 1.5 times an employee's regular wage, would encourage
03:08
workers even more to put in the extra hours.
03:11
Trump said some economists told him the results would be unbelievable.
03:15
Consider the boost to production across nearly all industries employing hourly wage earners.
03:21
Unbelievable indeed.
03:22
Talk about jumpstarting the economy.
03:24
Yes, the government would lose some tax revenue directly.
03:28
However, any increase in overtime hours due to its tax-free status can't be counted in
03:33
that deficit, as it wouldn't exist without the change.
03:37
And of course, even if workers aren't paying as much in taxes, they are making more money
03:42
for themselves and the companies that employ them.
03:45
Those businesses, as well as places where the workers spend their additional cash, end
03:49
up with a higher taxable income.
03:51
Recouping much of that loss of revenue be why pushing no taxes on tips, Social Security
03:57
or overtime.
03:58
And by promising to increase the child tax credit, the Trump team is keeping the pressure
04:03
on Democrats to meet or beat them.
04:06
Even if Republicans don't mean it and aren't actually going to try to keep these promises,
04:10
it still locks the two major parties into a race to see who can vow to eliminate more
04:14
taxes for the poor and middle class.
04:18
And simply matching Trump makes Kamala Harris and the Democrats look reactive rather than
04:23
active.
04:24
To really win in this war, she'll have to promise more.
04:27
And as Liberty Nation News senior political analyst Tim Donner once pointed out, there
04:32
isn't much a voter is more likely to remember come election day than the politician who
04:36
promised to cut taxes, got elected, and then did the opposite.
04:40
For that reason alone, Trump's plan is pure genius.
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