Rep. Nathaniel Moran introduces No Tax on Overtime Act
State Rep. Cody Harris' bill to help preserve access care across East Texas passes State House
The deduction means the first 300 hours of overtime worked is tax free within a taxable year. A press release from the Moran House website said the bill will also remove 100% of income taxes on a 50% overtime pay premium for over 90 million hourly workers. For people who work time and a half, this means the half part of that pay will be tax free.
This legislation is directed toward those who make up to $100,000 and couples who make a combined $200,00, the release said. President Trump supports the bill as a long time advocate for policy that helps working class Americans.
Severe storm devastates East Texas, cleanup efforts underway
'[No Tax on Overtime] gives people more of an incentive to work,' Trump said. 'The people who work overtime are among the hardest-working citizens in our country. And for too long, no one in Washington has looked out for them. Those are the people, they really work. They're police officers, nurses, factory workers, construction workers, truck drivers and machine operators.'
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