In his latest attempt to pull policy out of a prominent part of his anatomy, Trump is now proposing to make overtime pay tax-free. Is that a good idea?
Of course not! There is no logical justification for treating overtime income differently from other income; the new rule, if approved, would simply encourage workers and employers to collaborate to manipulate the system; it would blow yet another hole in the budget; and it would create a disincentive for employers to hire more workers to meet their needs.
The good news here is that the latest random pander is just another pathetic effort by Trump to prove to workers that he cares about them. He doesn’t. This promise, like the one on tips, has all of the value of a diploma from Trump University; it will disappear into the mists as soon as he takes office. The pledges about tax cuts for the wealthy, on the other hand, can be believed.