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