Been busy… I’m slowly returning to a more regular schedule.

I actually like this a lot.

Former President Trump on Thursday called for ending taxes on overtime wages for individuals who work more than 40 hours a week, his latest proposal to slash individual taxes if he is reelected.

 

“We will end all taxes on overtime. You know what that means? Think of that. That gives people more of an incentive to work, it gives the companies a lot, it’s a lot easier to get the people,” Trump said at a rally in Arizona.

 

“The people who work overtime are among the hardest working citizens in our country, and for too long no one in Washington has been looking out for them,” he added.

The proposal would require congressional action. Trump did not offer additional details about how it would work.

 

The Harris campaign in a statement dismissed Trump’s proposal as “desperate,”

Trump is right in that it will encourage people to work more. It’s an instant raise for working overtime on top of a higher wage. It will also likely see a lot of people push to move to hourly wages instead of salaried. That eases pressure on businesses to layoff people when business is down because they can cut hours instead. Hourly employees are a much more variable expense than salaried ones.

In other news… the Harris campaign will be copying this proposal in a few weeks.