A key campaign promise from Donald Trump is making its way to the House floor — but it's a much diluted version of what he'd proposed.
Sen. Roger Marshall (R-KS) is introducing a ‘narrower’ take on the vow not to tax overtime pay, according to an exclusive report in the Wall Street Journal.
On the trail, Trump had vowed not to tax tips, Social Security benefits and overtime pay, along with a lower tax rate for domestic manufacturers and a deduction of interest when buying U.S.-made cars.
Marshall’s proposal focuses on no taxes on tips and no tax on overtime.
But the Journal reports the proposal will cap the overtime tax break “at $10,000 for individuals and $20,000 for married couples.” It additionally comes “with income limits.”
This means “no-tax-on-overtime” would exclude some workers or cap their tax breaks. An aide to Marshall said, “The goal was to constrain the cost and target the break at middle-income workers in traditional overtime-paying occupations.”
To be introduced on Tuesday, GOP members still need to decide if it will be included in Trump's so-called “big, beautiful bill.”
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Marshall is a Trump ally and member of the tax-writing Finance Committee.
“His version is narrower than more expansive bills introduced earlier this year, and it is designed to set a marker for future negotiations,” the Journal reported.
Senators Tommy Tuberville (R-AL), Pete Ricketts (R-NE), and Jim Justice (R-WV) are introducing the legislation with Marshall.
It is similar to a bill from Sen. Ted Cruz (R-TX) and Rep. Vern Buchanan (R-FL). They placed higher limits on the tax break at $25,000. Additionally, they denied the break to people making more than $160,000 this year.
In addition to keeping Trump’s campaign promises, the tax-and-spending bill is attempting to extend the 2017 tax cuts, which are expected to expire this year.
