Trump 2025 Plan No Overtime

Trump 2025 Plan No Overtime. The policy, which would likely require legislation, would certainly incentivize more overtime work. If taxes were reduced on all overtime pay, the irs would lose about $1.7 trillion of revenue between the 2026 and 2035 period on a static basis according to the committee for a responsible federal.

Project 2025 proposes changes to overtime pay regulations that aims to provide employers with more flexibility. For hourly employees who work over 40 hours per week and receive overtime pay, trump has proposed making all overtime wages exempt from taxation, which could be a huge.