Trump unveils "no tax on overtime pay" policy in Arizona remarks

[CdnFox]

Trump unveils "no tax on overtime pay" policy in Arizona remarks - CBS News

Wow.  That's going to be the first big attention getter of the election i think.  A LOT of people are going to be interested in that. Incentivize overtime work by making it tax free - and you give a massive boost to overtime worker's pay without costing the employer a nickle.  Workers will be lining up to do a little overtime. 

It's not a bad idea at all, but it's fairly pricy i would think.  But that's definitely the kind of headline grabbing news story he's got to get out there to really attract attention and recover from the debate. 

[Rebound]

Slash taxes and blame Democrats for the deficits. Classic.

[CdnFox]

9 hours ago, Rebound said:

Slash taxes and blame Democrats for the deficits. Classic.

Trump never blamed the dems for the deficit at all. 

Typical leftie -  "letting people keep money they earn is EVIL, it belongs to the state!!"  

Frankly he can fund it by simply NOT giving away all the cash the dems do. 

And it's a bit of a 'trap' for future dems.  One of the core tricks of the dems is to collect people's money and then give it back to them and pretend they somehow got it for free. Libs in Canada do the same thing. But this leaves money in the hands of people and reduces the amounts the libs can tax - it's one thing to raise taxes from 5 percent to 6 percent but going from zero to anything is always going to be a very unpopular move. 

it'll be interesting to see how this is received. I would imagine the unions would quite like it. 

[NAME REMOVED]

2 hours ago, CdnFox said:

Trump never blamed the dems for the deficit at all. 

LOL

Trump and the Republican Party have blamed the Democrats so much that to link to all the articles and times they have done so in the past 8 years, I would be here all week.  Who are you trying to fool, or your Russian handlers need to do better.

[robosmith]

Quote

Trump unveils "no tax on overtime pay" policy in Arizona remarks

Just another PANDER which sounds good to rubes, but will be forgotten just like the Wall that Mexico was supposed to pay for. LMAO

[I am Groot]

13 hours ago, CdnFox said:

Trump unveils "no tax on overtime pay" policy in Arizona remarks - CBS News

Wow.  That's going to be the first big attention getter of the election i think.  A LOT of people are going to be interested in that. Incentivize overtime work by making it tax free - and you give a massive boost to overtime worker's pay without costing the employer a nickle.  Workers will be lining up to do a little overtime. 

It's not a bad idea at all, but it's fairly pricy i would think. 

The Republicans no longer care about prices, deficits or debt. Except when the Democrats are in the White House. I remember when the Republicans used to be conservative - a long time ago now. 

Even before this offer the Trump economic plan would have increased the debt by five times more than the Democrats' economic plan.

https://www.cnbc.com/2024/08/27/trump-harris-budget-deficit-economy-election.html

[CdnFox]

1 hour ago, DUI_Offender said:

LOL

Trump and the Republican Party have blamed the Democrats so much that to link to all the articles and times they have done so in the past 8 years, I would be here all week.  Who are you trying to fool, or your Russian handlers need to do better.

So you couldn't even find one  

Go ahead - post a single mainstream article where trump himself blames the democrats for his deficits. Show me that quote. Should be easy considering there's so many they are beyond count

G'head   Lets see what you've got   

[CdnFox]

29 minutes ago, I am Groot said:

The Republicans no longer care about prices, deficits or debt. Except when the Democrats are in the White House. I remember when the Republicans used to be conservative - a long time ago now. 

Even before this offer the Trump economic plan would have increased the debt by five times more than the Democrats' economic plan.

https://www.cnbc.com/2024/08/27/trump-harris-budget-deficit-economy-election.html

I think we can safely discount an NBC hack when it comes to that kind of forecast.  That's like asking fox news if harris has sound fiscal policies.   

But there is no doubt that he will run deficits as well and for sure republicans have kind of abandoned the idea of being fiscally responsible in the last few decades and are more like 'democrat lite' in their spending. 

Of course we don't know what he'd cut to reduce the deficit to pay for the tax cuts. 

[herbie]

A blatant exploit your workers handout offer to companies and employers, unworkable but a typical Trump pipe dream.

How the hell is income earned not income taxable simply because it's incentive to work longer?
It's not like tips where everyone declares the mere 10% anyway.

Never seen so many attempts to BUY and election, but not surprised by the epitome of an ignorant capitalist pig

[I am Groot]

42 minutes ago, CdnFox said:

I think we can safely discount an NBC hack when it comes to that kind of forecast.  That's like asking fox news if harris has sound fiscal policies.   

This isn't MSNBC. It's CNBC, and they run straight-line business and economic news. They often have Republican senators and congressmen on to interview.  They do Democrats too but I'd say they lean a little to the Right.

42 minutes ago, CdnFox said:

But there is no doubt that he will run deficits as well and for sure republicans have kind of abandoned the idea of being fiscally responsible in the last few decades and are more like 'democrat lite' in their spending. 

Of course we don't know what he'd cut to reduce the deficit to pay for the tax cuts. 

The problem with cutting is they don't want to cut things like farm subsidies and the military, and it's too unpopular to cut pensions and medicare. What did they cut to fund their last big tax cut? Pretty much nothing.

[CdnFox]

3 hours ago, herbie said:

A blatant exploit your workers handout offer to companies and employers, unworkable but a typical Trump pipe dream.

How the hell is income earned not income taxable simply because it's incentive to work longer?
It's not like tips where everyone declares the mere 10% anyway.

Never seen so many attempts to BUY and election, but not surprised by the epitome of an ignorant capitalist pig

Sounds like you wish there was no tax on booze.  Stop drinking before posting. 

[CdnFox]

Quote

The problem with cutting is they don't want to cut things like farm subsidies and the military, and it's too unpopular to cut pensions and medicare. What did they cut to fund their last big tax cut? Pretty much nothing.

well if we're talking about the current deficit just defunding all the social 'add ons' will go a long way. Biden has spent a tonne of money on 'givaway' programs and new hirings. You're not going to balance the budget doing that but you can spend without increasing the deficit. 

And of course the other way is to increase the economy. More people more wages more profits more taxes.  So if the economy does get stronger and does better the gov't may well see more revenues. Assuming you get the growth from the investment, but of course that's not guaranteed. 

THere's some possible tightening 'non defense discretionary' which is a little over 900 billion currently, more than defense actually. 

Trump obviously has no plans to go anywhere near a balanced budget.  But if the economy gets stronger and interest rates come down and inflation gets well in hand at the 2 percent or less target then he'll still be able to declare 'victory' because he 'reduced' the deficit and delivered a better over all affordability and quality of life.  i suspect thats' what he's shooting for.