Trump pledges to eliminate taxes on overtime pay

• It will add to the trillions his other tax cut proposals will cost, including the no-tax-on-tips plan, which has become a cornerstone of his economic position.
• Trump has also pledged to eliminate taxes seniors pay on Social Security benefits.

By the numbers: Along with tax cuts Trump plans to extend from his push in Congress in 2017, the proposals would add $3.6 trillion to $6.6 trillion to primary U.S. deficits over a decade, per a Reuters review of four leading budget forecasters.

What he's saying: "That gives people more of an incentive to work," Trump said in Tucson, Arizona. "It gives the companies a lot — it's a lot easier to get the people."

• The announcement came at his first rally since Tuesday's debate against Vice President Harris and was in a battleground state he lost in the 2020 election.
• "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," Trump said.

Between the lines: When he was president, Trump blocked regulations put into place by the Obama administration that would've expanded overtime pay to millions of workers.

• Heidi Shierholz, an economist at EPI Action, said she's doubtful of the new proposal because of Trump's "clear record" on overtime.
• "While president, he stripped overtime protections from millions by refusing to defend an overtime regulation that was stalled in the courts by a judge who used fatally flawed logic in his decision," Shierholz said.
• Project 2025, she added, "has a deeply anti-overtime agenda that would strip overtime from millions."

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