Trump says he will end all taxes on overtime

09/12/2024

1 minute read

2024.09.12 18:59

(Reuters) – Republican U.S. presidential candidate Donald Trump said on Thursday that he will end all taxes on overtime pay as part of a wider tax cut package, if he is elected in the Nov. 5 election.

“As part of our additional tax cuts, we will end all taxes on overtime,” Trump said in remarks at a rally in Tucson, Arizona.

“Your overtime hours will be tax free,” the former president added.

© Reuters. FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump attends a campaign event in Asheville, North Carolina, U.S. August 14, 2024. REUTERS/Jonathan Drake/File Photo

Trump, who faces Democratic Vice President Kamala Harris in what polls show to be a tight race, has previously said he would seek legislation to end the taxation of tips to aid service workers. Harris has made a similar pledge.

Trump has also said that as president he would pressure the Federal Reserve to lower interest rates.

09/12/2024

1 minute read

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