The Senate Finance chair stated that Trump's tax-free overtime plan is "as fake as his tan."

The Senate Finance chair stated that Trump's tax-free overtime plan is "as fake as his tan."
The Senate Finance chair stated that Trump's tax-free overtime plan is "as fake as his tan."
  • The Senate Finance Committee Chair, Ron Wyden, stated that former President Donald Trump's pledge to eliminate income taxes on overtime wages is "as phony as his spray tan."
  • Trump's spokesman accused the Oregon Democrat of "disrespecting hard-working Americans."
  • Trump has pledged not to impose taxes on workers' tips and seniors' Social Security, among other promises targeted at working-class voters.
Harris and Trump propose new tax breaks during campaign to target key voters

On Friday, Senator Ron Wyden criticized Republican presidential candidate Donald Trump's pledge to abolish taxes on overtime pay.

Wyden stated that Donald Trump is losing and his tax proposals are fake, just like his tan.

The Senate tax writing panel's leader, an Oregon Democrat, stated that the former president is aware that Republicans in Congress have no intention of passing the proposed legislation.

"Wyden contended that his newfound concern for workers was insincere because, as president, he weakened overtime protections for employees."

He added, "You can always count on him to treat workers like chumps, as he can buy them off with empty campaign promises here and there."

Trump campaign spokesman Steven Cheung retorted to Wyden, stating on CNBC that the senator "should not be disrespecting hardworking Americans and taking money from their pockets."

Cheung added, "It's not surprising that Wyden, a persecutor of everyday Americans with a history of losing, made the statement."

Trump announced his tax-free overtime proposal at his first campaign rally on Thursday, following his contentious debate with Vice President Kamala Harris the previous night.

We will eliminate all taxes on overtime as part of our extra tax cuts, as stated at a rally in Tucson, Arizona.

Trump stated that if you work overtime, any hours worked beyond 40 are tax-free.

For nearly four years, Trump has been campaigning for president, but on Thursday, he first mentioned a plan to eliminate income tax on overtime pay. He stated that he had discussed the proposal with "some economists," who believed it to be "unbelievable."

The Trump campaign was labeled as a "snake oil sales pitch" by the Harris campaign, as the Justice Department under Trump declined to defend an Obama-era rule that would have granted overtime benefits to millions of workers.

If Trump wins a second term, he has promised to eliminate various taxes, including income taxes on workers' tips and seniors' Social Security, and increase tax breaks for families with newborn children and others.

Harris has also said she opposes taxing tipped income.

Nearly $6 trillion in deficits would be added to the national budget over the next ten years as a result of Trump's tax proposals, according to the Penn Wharton Budget Model in late August.

In a September analyst note, it was predicted that Harris' economic policies would result in a greater economic increase and more robust job growth in the next two years compared to Trump's plans.

Trump's plan to impose tariffs on imports could result in a cash windfall, but economists warn that it may lead to higher consumer prices.

by Kevin Breuninger

Politics