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Trump vows to eliminate all taxes on overtime if he wins re-election in US Election 2024.


Former President Donald Trump has promised to eliminate taxes on overtime work if re-elected. Speaking at a campaign event in Tucson, Arizona, Trump stated that this move would incentivize workers and make it easier for businesses to hire. He emphasized that those who work overtime, such as police officers, nurses, and construction workers, deserve a break. This proposal is part of Trump’s plan for substantial tax cuts, which also include extending income tax cuts from 2017 and eliminating taxes on tips and social security. However, details on funding for these cuts were not provided.

On the other hand, Democratic nominee Vice President Kamala Harris has put forth her own tax plans aimed at benefiting the working and middle classes. These include tax credits for first-time homebuyers, deductions for new small businesses, and child tax credits. Harris also plans to raise taxes on wealthier Americans, with proposals to increase income tax rates, corporate tax rates, and capital gains tax rates for high-income households.

The Harris campaign criticized Trump’s tax proposals, calling him “desperate” and suggesting that he would only benefit himself and his wealthy associates if re-elected. This tax-focused debate between the two candidates highlights the differing approaches to economic policy ahead of the election.

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Photo credit www.aljazeera.com

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