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https://www.politico.com/news/2024/09/18/trump-tax-giveways-00179833
https://www.politico.com/news/2024/09/18/trump-tax-giveways-00179833
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The tax free overtime could be worth something if time and a half starts around 30 hours or something. Extra cash untaxed without sacrifice to personal time. Might be too progressive tho.
Too bad then that Project 2025 would make it harder to get OT, not easier, due to a proposed change allowing employers to decide if you qualify for OT on a two or even four week basis, letting them fuck you over for a short while then cut back just enough so that you don't get OT for the extra time put in initially.
The problem is that instead of getting people better pay, you’d just cut their hours.
There’s no company in the world that likes paying overtime and for most low-wage hourly jobs, it’s probably the largest unnecessary expense that can be prevented.
40hrs is already a lot of time to be working. Making the tax free part after that would be worse for families.
Idk how that's "too" progressive? It doesn't even really make that much sense imo.
If there's one idea that isn't terrible, it's a lower corporate tax rate for those who have domestic production, but that's incredibly complicated to implement and would vary wildly by industry.
Idk how that's "too" progressive?
Because OT starting at 30hrs is making it so that more people can actually use it and still see their family. The tax free is kind of mehh, but nice.
And historically leads to stuff like putting the one final screw in domestically so you can slap that Made in America tag in it and avoid a heap of tariffs.
I never really get why those types of subsidies should go through the corporate tax. Want to subsidise domestic production? Provide a wage subsidy to companies that employ American workers. The corporate tax code should be as clean and simple as possible.