Washington, September 13 – U.S. Republican presidential candidate Donald Trump announced on Thursday that, if elected in the upcoming November elections, he plans to eliminate all taxes on overtime income. This move would be part of a broader tax reduction package, as reported by Reuters.
Eliminating Taxes on Overtime
“At the heart of our next round of tax cuts, we will eliminate all taxes on overtime work,” Trump declared during a rally in Tucson, Arizona. The former president, who is expected to face a close race against Democratic candidate Kamala Harris, also reiterated his intention to push for legislation benefiting service workers by abolishing taxes on tipped income, a promise similar to one made by Harris.
| Trump’s Tax Proposals | Description |
|---|---|
| Overtime Tax Elimination | Remove all taxes on income earned from overtime |
| Tipped Income Tax Removal | End taxation on tips for service workers |
Democratic Response
A spokesperson for Harris’s campaign responded to Trump’s remarks, saying, “He’s desperate, scrambling, and will say anything to trick people into voting for him.”
Impact on Government Revenue
Ending taxes on overtime would reduce government revenue at a time when Trump’s plan to extend existing tax cuts—first introduced during his presidency—could, according to the Congressional Budget Office, raise the U.S. deficit by $3.5 trillion (€3.16 trillion) by 2033. The federal deficit for the first 11 months of the current fiscal year already stands at $1.9 trillion (€1.71 trillion).
| Year | U.S. Deficit ($) |
|---|---|
| 2023 | 1.9 trillion |
| 2033 (projected) | 3.5 trillion |
It remains unclear how much revenue the government currently collects from taxes on overtime income.
Key Keywords:
Trump tax cuts, overtime tax elimination, Kamala Harris response, U.S. budget deficit, Congressional Budget Office, tipped income tax removal, presidential election promises, government revenue impact
